Friday November 27, 2020

Apple tax deal: state scrambles to keep fine under €1 billion

Ireland to appeal record fine from Europe; Attempts to reduce penalty as ruling looms

Ian Guider

Markets Editor

@ianguider
28th August, 2016
EU Commissioner Margrethe Vestager (right)

The government was scrambling this weekend to limit the damage from the European Commission’s investigation into a sweetheart tax deal with Apple in an attempt to prevent it imposing a fine exceeding €1 billion on the state.

The Sunday Business Post understands the government is braced for an adverse ruling in the long-running state aid case and the strategy is now about keeping the fine as low as possible in a bid to...

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