An easy way of publishing your relevant EU press releases.

S&Ds on Apple illegal state aid decision: "A decisive milestone for the honest taxpayer"


30 Aug 2016


Euro & Finance
Justice & Home Affairs

S&D Euro MPs today congratulated the European Commission for taking a tough stance against tax benefits granted in Ireland to the American company Apple, at the expense of other EU member states.
The Commission has judged that those tax advantages, worth up to €13bn, were illegal state aid; meaning this decision could require the company to pay back this figure of unpaid revenues.

S&D Group spokesperson on the special tax committees and Panama Papers inquiry committee, Peter Simon added:
"Apple tricked us! But the EU is hitting back. Even last week's 'rattling of the sabres' by US authorities could not change this. The fight against tax avoidance by multinational companies, after precedents were set against Starbucks and Fiat, is now reaching the next phase and entering a new dimension. The changing attitudes regarding corporate taxation are not bowing down to the world's largest corporations.
"A tax rate of 0.05%, dropping down even further to 0.005 % over the last decade, is a slap in the face of the regular taxpayer.
"The European Commission, as the guardian of the Treaties, emphasizes once again: Tax agreements of this kind are not “only” illegitimate, they are simply illegal. This sends a clear message both to the multinationals and to the member states which conclude those tax deals at the expense of others. This is a decisive milestone for the honest taxpayer including those companies who have not profited from such beneficial treatment and for tax justice as such."

S&D co-rapporteur for TAXE2 and PANA committees, Jeppe Kofod, stated:
"Today is an important day in the fight for tax justice. Unlawful tax practices going back over at least a decade have been uncovered. Our demand that the gains from these unlawful arrangements shouldn't be enjoyed by the countries that offer them to multinational companies stands firm.
"As such, it is vital that the tax authorities throughout the EU look into this case and determine whether they might be eligible to recover lost taxes from Apple as well."