Friday, February 10, 2017

BEPS Project May Have Set Backs as a Result of the EU's Apple Decision

On September 12, 2016 we posted US Probe Resulted In EU Apple Tax Assessment where we discussed that the European Commission’s probe into Apple, which resulted in an order for the tech giant to pay up to €13 billion ($14.5 billion) in back taxes to Ireland, was prompted by a U.S. Senate investigation, European Union Competition Commissioner Margrethe Vestager said on Friday.  

Now according to TaxNotes the European Commission's recent decision in its state aid case against Apple has not only been detrimental to Ireland's tax sovereignty, but it has also been damaging to the effective implementation of the OECD's base erosion and profit-shifting project, according to the tax director of a major Irish accounting body.

To

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