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.”

1 November 2024

GREECE: Greek Finance Chief Says Tax Evasion Collections Will Reduce Taxes

Digitization and stepped-up checks of tax returns is bringing more money into Greece’s state coffers and some of that will be used to reduce taxes, Finance Minister Kostis Hatzidakis. He told the

Read More
31 May 2024

US: US Treasury Calls for Collaboration with NFT Industry to Combat Fraud

The US Treasury Department has taken a significant step towards addressing the burgeoning world of Non-Fungible Tokens (NFTs) by recommending closer collaboration between the government, industry stakeholders,

Read More
18 April 2025

CHINA: Seized Digital Assets Fuel Local Budgets Despite National Ban

Chinese local governments quietly sold off seized crypto using private firms via offshore exchanges, converting proceeds into yuan despite a national trading ban.Over US$400M in assets were liquidated

Read More
18 April 2025

TAX: OECD/G20 Inclusive Framework issues statement following plenary meeting

The Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on BEPS issued a statement on 11 April 2025, following its meeting in Cape Town, South Africa. The brief statement

Read More