Ireland Doesn’t Want Apple to Pay $14.4 Billion

Ireland is not interested in receiving Apple, Inc. (NASDAQ: AAPL) tax payments to the country, which are estimated to be worth $14.4 billion. Ireland has become an attractive tax haven for American technology companies, but the European was not happy that Ireland is providing enormous tax incentives to giant corporations, and ordered Apple to pay up.    
 
Ireland seems to enjoy companies moving operations in hopes of saving money and hiring local talent. Tuesday Ireland’s officials announced that they will appeal the decision by a European Court. 
 
The EU’s decision has been controversial on all fronts. Apple has appealed the European Commissions decision as well, and even the US Treasury commented on the issue, saying that the $14.4 billion tax payment, if it ought to be paid, should be collected in Apple’s home country. 
 
Apple CEO Tim Cook said “over the years, we received guidance from Irish tax authorities on how to comply correctly with Irish tax law — the same kind of guidance available to any company doing business there. In Ireland and in every country where we operate, Apple follows the law and we pay all the taxes we owe.”

Leave a Comment