Apple to a maxi-EU sanction for unpaid taxes – Il Sole 24 Ore

The maxi-fine that Brussels is preparing to impose Apple will be “billions of Euros.” This was reported by Bloomberg, citing people familiar with the matter.
Brussels, he said the agency, will announce fact that Ireland has assured the house dell’Iphone unlawful state aid in the form of tax breaks in exchange for the creation of jobs in the country. According to the Financial Times, the verdict of the Committee, which should arrive tomorrow after an investigation lasting three years, is 130 pages: the investigation would have established that the Apple would pay a tax rate of less than 1% on European sales, compared to 12.5% ​​in force in Ireland. In recent days it had circulated an estimate of JPMorgan, according to which, in the worst case, Apple would be called upon to pay out 19 billion dollars.

On 24 August, with a rather rare move, the United States had Brussels warned: it is becoming a “authorities ‘supranational’ in terms of taxes and in so doing threatens international agreements on the fiscal plan. And ‘what emerged from a White Paper in which the Treasury Department wants to dissuade the EU Commission from punishing Apple asking for payment of billions of euro in back taxes. The thesis of unlawful state aid and ‘has been rejected from Dublin is by Apple. Until now the Obama administration has not spoken of retaliation but the document states that “the US Department of the Treasury continues to evaluate potential responses in the event that the Commission remains

case involving Apple and ‘seen

as much more’ important than those who have touched Starbucks and Fiat: the EU antitrust commissioner Margrethe Vestager ordered the Netherlands to recover between 20 and 30 million euro of arrears from the chain of cafes and Luxembourg has to do something similar with the manufacturer of cars while investigations continue on Amazon. In the focus are the tax practices of e-commerce American giant in Luxembourg. According to JPMorgan, in the worst cases, Apple would be forced to pay $ 19 billion. The Treasury Department says that the Commission’s attempt to “retroactively” to taxation “is not only ‘in contrast to the efforts of the G20 to ensure tax certainty but also creates an undesirable precedent that could bring the tax authorities of other nations” to try to get “large payments retroactive and punitive damages from US companies is both EU.”

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