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For an interesting argument that Ireland should not appeal the Commission ruling, see:
Appeal of Apple tax ruling is not in the public interest | Irish Examiner

It is important to remember that the reason the commission initiated the Apple case was because of a US Senate sub-committee inquiry into Apple Ireland which drew attention to the fact that Apple earned about 60% of its global profit in Ireland and paid virtually no tax on these profits because Apple had no tax residency in any jurisdiction -- an example of "double non-taxation".

There are several strands to the US case, some consist of mere assertion, others are based on interpretations of what has been agreed by the G20 and OECD as to the nature of international tax reform, some are based on interpretations of European law.

Others are purely self-interest, for example that one effect of commission decisions would be to increase corporate tax receipts in certain EU countries, giving rise to additional tax credits and hence a reduction in US corporate tax revenue.

The overall conclusion of the white paper is not, however, based on legal or economic arguments, or arguments about necessary tax reforms but rather a threat. The white paper states: "The US Treasury Department continues to consider potential responses should the commission continue its present course."



Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Aug 31st, 2016 at 10:24:21 AM EST
Joseph Stiglitz says Ireland should not appeal Apple ruling

Prof Stiglitz said: "the fact is that you were encouraging tax avoidance, you knew it.
"Let's not make any pretence about it, you got a few jobs at the cost of stealing revenues from countries around the world. That's the kind of activity that has to be stopped."

...
Prof Stiglitz said he found it mystifying that Ireland didn't "just pocket that €13billion and use it for the enormous hardship that the people of Ireland have had to face.
"The argument that you will lose lots of jobs is absolute nonsense. It's a new world, it's very clear that the rules of the game have changed, under those new rules Ireland will have to compete on the basis of going forward, what it can provide economically.



"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Wed Aug 31st, 2016 at 04:57:53 PM EST
[ Parent ]
I agree with this, for the reason given in my comment above.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Aug 31st, 2016 at 05:24:36 PM EST
[ Parent ]

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