A Tax Bill of Apple from European Union

 

September 18, 2019

anna Murray 

 

The United States technology giant, Apple Inc., fought in the court to accuse that the European Union attempted to levy the 13 billion Euros tax bill. The company stated that this tax bill was challenging and unreal.

 

The European Commission requested Apple to pay tax back to Ireland. The benefit of Ireland is from the investment of many global corporations. The low tax system is one of the reasons to attract multinational corporations in Ireland. 

 

Apple attempted to overturn the EU executive’s ruling in 2016. The ruling in 2016 from EU made that Apple technically reduce the tax burden based on two Irish tax rules for over two decades. The appeal of Apple accused that European Commission intended to adopt the power to alter the international law and had a legal uncertainty of business.

 

According to Daniel Beard, the lawyer of Apple, the orders from European Commission requested that even though products of Apple are developed in the United States, all sales of Apple outside of US should connect to the branches in Ireland. Mr. Beard claimed that branches in Ireland were not responsible for creating and developing products, so branches in Ireland should not earn the majority of profits outside of the United States. 

 

European Union did not accept the statement from the lawyer of Apple. EU intended to condemn that Ireland did not do it right to assess Apple’s taxes. 

 

The case of Apple will soon have a result on September 24. Up to now, the European Commission refuses to have a comment and Apple did not respond to this issue. 

 

 

Photo:Webshot.

source: 
Global People Daily News