In September is will meet two years since the Commission European initiated a research to clarify the conditions and benefits tax to which is submits Apple in Ireland. A process that could have resolution tomorrow same and which can assume a before and an after in the structure e Engineering fiscal of the company in Europe. A failure against the signature would be the disbursement of them taxes “saved” during, at least, them last 10 years of activity economic of the multinational in the old continent. Still not there is consensus on the quantity total, but companies financial as the prestigious JP Morgan rate in to 19,000 million of dollars.
Fiscal engineering technological corporations in Europe is in the crosshairs and the best example is the pulse that keeps Brussels with Apple. For years, the firm has billed billions of euros from its commercial activity in the European Union, but the payment of taxes allegedly not provided through Ireland generated first suspicions. Thus, in September of 2014, the European Commission began an investigation to clarify fiscal conditions set by the Irish Government to Apple.
Tax practices with preferential toward Apple treatment
During these past two years, the research has advanced to the point that Brussels could inform the final decision tomorrow. With the decision of the European Commission will be known as if Apple has been favoured by Ireland aid that go against market policies in the European Union. Apparently, the Government of Dublin would have agreed with Apple some rates tax very lower to them common, a practice that the Union European termed as aid State illegal to the not extend is such benefits the rest of companies.
The publication of the results of the investigation will be announced by Margrethe Vestagen, the European Commissioner for competition. According to the information that handled them main media of information European and American, such as Financial Times, Bloomberg or The Guardian, Apple could verse forced to return an important sum of money in concept of taxes late e Ireland fined by that try to of please.
Up to 19,000 million
An amount that some firms like JP Morgan investment priced at up to $ 19,000 million. A figure that would come from tax savings allowed by Ireland, country where Apple could have been paying a 3.7% and not a 12.5% tax. However, sources Irish claim that if the resolution failure against the interests of Apple the amount of the return of taxes could not overcome them thousand million.
In one way or another, regardless of the money disbursed, a resolution against Apple could be a severe setback to fiscal engineering company, which would have to adapt to the new European requirements. However, the pressure generated by the circumstances has promoted that Apple has increased 40% turnover in Spain and, therefore, taxes. Another of them cases happened in Italy, where the Californian came to an agreement with the Treasury of the country and paid 318 million of euros by fraud fiscal.
The article Apple might be forced to pay a tax debt of 19,000 million in Europe was published in MovilZona.