Even losing tax fight against Apple could serve EU’s antitrust tsar

Apple case is a test of profit-shifting, but either success or failure could play into the hands of Margrethe VestagerEuropean competition commissioner Margrethe Vestager. Picture: REUTERS/YVES HERMAN

Though a ruling will still take months, either outcome could potentially play into Vestager’s hands. If the court decides in her favour, then all well and good: Apple has already placed the funds in escrow, Ireland enjoys a nice boost to its coffers and her efforts to end so-called sweetheart tax deals are rubber-stamped.

The EU has already made some progress to tackle profit-shifting by multinational corporations. But G20 finance ministers will once again consider a more comprehensive multilateral plan when they meet on the sidelines of the World Bank and IMF gatherings in Washington in October. The hope is that the proposals will be formally adopted by the G20 at its meeting in Riyadh in 2020.

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