As a line in the sand, our current national debt is:
€ 184,903,776,192
Let's see what our national debt figure rises to before this Apple tax issue is concluded.
The most interesting outstanding issue I would like to understand is where are the corresponding profits being taxed since the laws in question were changes in 2014.
Regarding a possible appeal:-
“.. such was the overwhelming rejection of the commission’s case by the court that a successful appeal seems unlikely. The court left very few threads for the commission to cling on to.
Vestager issued a combative statement after the ruling was published, but it was hollow and noisy rather than making any substantive points.”
In a statement, the commission said: “From the beginning of this mandate, the commission has been clear that we would explore how to make full use of the provisions in the treaties that allow taxation proposals to be adopted by qualified majority rather than unanimity. The commission is now looking at various options to deliver on this political commitment.”
Article 116 of the EU treaty gives Brussels the powers to correct “distortions” in the single market, but has never been used. The instrument allows the commission to propose a directive designed to correct distorting tax schemes and sue governments at the European Court of Justice if they do not comply.
The measure is likely to target schemes in countries such as the Netherlands, Luxembourg, Belgium and Ireland, said one official. Diplomats expect the plans to be fiercely resisted by some member states, opening up the prospect of years of lengthy legal battles at the ECJ.
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