EU questions Ireland's tax deal with Apple

European Union antitrust regulators have asked Ireland to provide details of its tax arrangements with Apple (AAPL.O) in 1990 and 2007, warning that they could amount to illegal state aid which may be recovered from the U.S. company.

In a letter published on Tuesday, European Commissioner Joaquin Almunia told Ireland it must provide the details of the tax arrangements, which in his preliminary view could constitute illegal state aid and therefore be recoverable from Apple.

"The Commission's preliminary view is that the tax ruling of 1990 (effectively agreed in 1991) and of 2007 in favor of the Apple group constitute state aid," Almunia wrote.

Tags
European Union, Ireland, Apple, European Commissioner Joaquin Almunia
Join the Discussion
Related Articles
More Home News
Temu App Faces Scrutiny from GOP Senators Citing IP Theft and Labor Abuse

Temu App Faces Scrutiny from GOP Senators Citing IP Theft and Labor Abuse

Iowa Legislature Votes to Prohibit Local Guaranteed Income Initiatives, Affecting 'UpLift' Program

Iowa Legislature Votes to Prohibit Local Guaranteed Income Initiatives, Affecting 'UpLift' Program

Can Parents Still Hope for a Boost in Child Tax Credit to $1,800 After the Tax Day Deadline?

Can Parents Still Hope for a Boost in Child Tax Credit to $1,800 After the Tax Day Deadline?

New Tennessee Bill to Fast-Track Eviction of Squatters, Cutting Legal Red Tape for Property Owners

New Tennessee Bill to Fast-Track Eviction of Squatters, Cutting Legal Red Tape for Property Owners

Real Time Analytics