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.”

20 March 2025

US: US delays $2.6 billion climate finance package to South Africa

The United States is delaying the disbursement of $2.6 billion in climate finance to South Africa, raising concerns the funds could be withheld entirely, Bloomberg News reported on Thursday, citing

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21 May 2024

US: New US Treasury strategy targets crypto scams and real estate money laundering

The U.S. Treasury Department will seek to operationalize use of the country’s new beneficial ownership information database by law enforcement and finalize moves to clamp down on real estate money

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1 November 2024

NEW ZEALAND: CA ANZ pushes for quick passage of AML/CTF amendments

The legislation for the anti-money laundering and counter-terrorism financing amendments must be finalised as soon as possible to ensure sufficient time for implementation, CA ANZ has told the government.

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28 February 2025

EU: EU to Exempt Most Companies from Carbon Border Tax: What It Means for Climate Goals

The European Commission is set to exempt most of the companies covered under the European Union’s carbon border tax on the grounds that they produce only 1% of emissions in the scheme, reported Reuters.

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