EU: Ireland’s tax deals with Apple represent state aid and ‘selective advantage’

The European Commission is investigating whether Irish authorities have given Apple preferential treatment regarding its tax affairs. In its initial findings, the antitrust regulator accused Ireland of granting the company “state aid” and an unfair advantage. The opening of the case was announced back in June, but today the Commission published a preliminary report about its concerns and the information that it’s requested so far from Ireland. It focuses on two rulings, one in 1991 and another in 2007, between Apple Operations Europe (AOE) and the Irish Revenue, which outlined how net profit for Apple’s Irish branch would be calculated....

This story continues at The Next Web

The post EU: Ireland’s tax deals with Apple represent state aid and ‘selective advantage’ appeared first on The Next Web.

from The Next Web http://ift.tt/1uZe5eL

via IFTTT