Company said immediately after the ECJ ruling that the case ‘has never been about how much tax we pay’
Apple has told Wall Street investors it will need to book as much as a $10 billion tax charge in the final three months of its financial year to the end of this month, following a shock ruling by the EU’s highest court that it must settle a long-disputed multibillion-euro Irish tax bill. Photograph: Peter Morgan/AP
The move is being taken to reconcile issues that have arisen as a result of the European Court of Justice ruling earlier in the day that the European Commission had been correct in deciding eight years ago that Apple owed Ireland €13 billion, plus interest, in back taxes. Apple said immediately after the ECJ ruling that the case “has never been about how much tax we pay, but which government we are required to pay it to”. It said that it has already paid $20 billion in tax to the US on the very same profits the commission claimed should have been taxed in Ireland.
The ECJ said that the lower court in Luxembourg had “erred” when it ruled the commission had not proved its case sufficiently.The Department of Finance said the judgment provides the final determination in the case and that the process of transferring the money, which has been held in escrow, to Ireland will now begin.
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