IRELAND: Ireland “disagrees profoundly” with EU on Apple tax bill

Ireland disagrees profoundly with the European Commission’s ruling against its tax dealings with Apple Inc, Finance Minister Michael Noonan said on Tuesday ahead of seeking cabinet approval to appeal.

Ireland’s finance ministry said its position remained that the full amount of tax was paid and no state aid was provided. Ireland did not give favourable tax treatment to Apple and does not do deals with taxpayers, it added.

It also said the disputed tax opinions in the Apple case no longer applied and that the decision had no effect on Ireland’s 12.5 percent corporate tax rate or on any other company with operations in the country.

“I disagree profoundly with the Commission,” Noonan said in a statement. “The decision leaves me with no choice but to seek cabinet approval to appeal. This is necessary to defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of EU state aid rules into the sovereign member state competence of taxation.”

7 February 2025

CAREY OLSEN: Carey Olsen named Guernsey Law Firm of the Year at Lexology Index Awards

Press Release from Carey Olsen, Thursday 6 February, 2025. Carey Olsen has been named Guernsey Law Firm of the Year at the 2024 Lexology Index Awards – formerly known as the Who’s Who Legal

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2 February 2024

Carey Olsen amongst finalists for offshore law firm of the year at The Asia Legal Awards

Press Release from: Carey Olsen, Friday 2 February, 2024.  Carey Olsen has been shortlisted for Offshore Law Firm of the Year at The Asia Legal Awards 2024, hosted by Law.com International. Now in

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18 June 2024

ST KITTS: St Kitts and Nevis Government Strengthens the Citizenship by Investment Programme Through Introduction of a New Act

The National Assembly successfully passed the Citizenship by Investment Unit Act, 2024 in a landmark sitting of the National Assembly on Friday, 14 June. The Citizenship by Investment Unit Act, 2024

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7 February 2024

US: Why most millionaires want a wealth tax: “There’s a certain alarmism among the wealthy about Trump”

Extreme wealth and income inequality will eventually destroy a real democracy. Why? Because that disparity of power and resources allows a relatively small number of people and groups to subvert the

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