Ireland will appeal the EU’s Apple tax ruling

Ireland intends to appeal the European Commission’s ruling that Apple must pay it around $14.5 billion in back taxes. The country’s cabinet agreed to appeal the ruling during a meeting today, with the decision to be finalized by a full vote in parliament next Wednesday, according to Reuters.

Immediately after it came down this week, Ireland’s Finance Minister, Michael Noonan, criticized the Commission’s ruling, saying he “profoundly” disagreed with it. At stake for Ireland, he said, was “integrity of our tax system” and the ability to provide “tax certainty to business.”

Apple likewise criticized the ruling as an attempt to “ignore Ireland’s tax laws and upend the international tax system in the process.” The US also criticized the...

Continue reading…