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

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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