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Today’s Top Headlines

AMCHAM Ireland Backs Govt's Appeal In Apple State Aid Case

by Jason Gorringe,, London

10 February 2017

The American Chamber of Commerce (AMCHAM) Ireland fully supports the Government's decision to appeal the European Commission's decision in the Apple state aid case, its Chief Executive, Mark Redmond, has said.

In a statement to parliament's Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach, Redmond expressed concern that the issues arising from the Commission's investigation "can be used to paint a highly inaccurate picture of the nature of US business investment in Ireland."

Redmond argued that neither Ireland nor any other EU member state can "afford to have its tax policy and administration second-guessed in a retrospective fashion." He warned that "businesses cannot make investment decisions in such an environment."

According to Redmond, "Any attempt to undermine the independence of our revenue authority and second-guess how it does its work must be challenged. Any attempt to undermine the necessary process for taxpayers including businesses to seek clarification from the revenue authority on the application of the law must be challenged as a retrograde step that undermines the global move by all leading revenue authorities to a cooperative tax-compliance model."

Redmond emphasized that Ireland's taxation regime is competitive, highly transparent, and consistent.

The Irish Government has asked the General Court of the European Union to annul the Commission's decision against its two rulings for Apple.

TAGS: compliance | Finance | tax | investment | business | European Commission | tax compliance | Ireland | commerce | law | corporation tax | ministry of finance | tax authority | agreements | tax planning | transfer pricing | United States | chamber of commerce | European Union (EU) | business investment | Europe | BEPS

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