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Wednesday, June 11, 2014

Ireland, EU and Tax Regimes

Core query on EC probe into Apple tax in Ireland is what power EU has - World News | Latest International News Headlines | The Irish Times - Thu, Jun 12, 2014: "Ireland has vowed to “vigorously defend” its tax regime in the face of the investigation. “Ireland is confident that there is no State aid rule breach in this case and we will defend all aspects vigorously,” a Department of Finance spokesman said yesterday.
It is also prepared to fight the case in the European Court of Justice should the commission rule against Ireland.
With the investigation potentially causing serious reputational damage to Ireland, Dublin will be hoping that it will be concluded within the next six to 12 months.
Many believe this is wishful thinking, given that EU anti-trust cases can run for years. The appointment of a new commissioner later this year may also delay things. Mr Almunia yesterday rejected the suggestion that the investigation could lose momentum when he goes in October.
“The day after I leave, my successor will continue with investigations that are on-going. The services of the commission will not stop . . . because their boss will change.”"



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