Sharp criticism of Apple's decision

Sharp criticism of Apple's decision

Tech August 30, 2016 15:42

brussels - Apple must still pay billions of tax in Ireland. The European Commission ruled Tuesday that the tax that the US electronics giant has enjoyed banned for years under the EU state aid rules. Apple understands nothing of and opposed to the decision. Also from Ireland and the USA sounds sharp criticism of the decision.

Two years ago, the European Commission opened an investigation into the deals that Apple made with the Irish tax authorities. That research showed that Ireland many years benefits awarded to Apple. Therefore, the tech company effectively paid 1 percent tax on its European profits in 2003, decreasing to 0.005 percent in 2014. According to Brussels is an additional 13 billion euros thereby justify.

Apple CEO Tim Cook thinks Brussels his vision will by pressing the Irish tax code should look like. He never asked for a tax deal. He also spoke of an unusual situation because Apple is now entrusted with retroactive pay extra taxes to a government that says it has already paid enough.
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Cook was backed by the Irish Finance Minister Michael Noonan. Who said that there is no economic basis for the decision, because the EC has no responsibility for taxation. 'A bizarre and political exercise', he ruled.

The US government believes that the decision Europe gets its own business climate at risk. In addition, the business climate and undermine the much-needed economic cooperation between the United States and Europe.

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