After losing a court case, Ireland stands to gain a huge amount of money it fought not to gain and is unsure how to spend
When the EU’s top court gave its landmark ruling this week on a “sweetheart” tax arrangement with the world’s biggest company, the outcome had a surreal tinge: the winner wept and the loser pocketed €13bn.
Margrethe Vestager, the EU competition chief, had waged a bitter, decade-long battle to curb Ireland’s controversial tax breaks for Apple and on Tuesday the European court of justice (ECJ) gave her a resounding victory. “I was ready to face the loss, but it was the win that made me cry,” she said.
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Source link : https://www.theguardian.com/business/2024/sep/14/how-eu-landmark-apple-tax-ruling-gave-ireland-13bn-euros-it-didnt-want
Author : Rory Carroll in Dublin and Dan Milmo
Publish date : 2024-09-14 07:00:23
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