EU court to hear appeals over Apple's €13bn tax ruling

The iPhone maker and the State want the ruling annulled because they claim the Commission made errors in its assessment of Irish tax law, state aid rules and in its assessment of the company's activities inside and outside Ireland.It found the Irish State had given undue tax benefits worth €13 billion to Apple through two tax rulings in 1991 and 2007.

The result, it said, was that Apple only paid an effective corporate tax rate that declined from 1% in 2003 to 0.005% in 2014 on the profits of one key firm, Apple Sales International. The Commission ordered Ireland to recover the illegal aid plus interest and that money - €14.3 billion in unpaid taxes and interest - is now sitting in an escrow account.Today, the General Court of the European Union, Europe's second highest court will begin two days of hearings in separate appeals being brought by Apple and Ireland.

It has also claimed that the vast majority of its taxes are owed to the US because the majority of the value in its products including design, engineering and development, is created there.

So the European commission has determined that Apple’s Irish branch in 2014 only paid 0.005% in tax. Irish people in the higher tax band pay 41% and 11% in PRSI & USC contributions.. Something Stinks doesn’t it ?

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