Wednesday 24 May 2017

No special tax deal for Apple, says Department of Finance chief

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Stock picture
Shane Phelan

Shane Phelan

The head of the Department of Finance has denied any "sweetheart deal" has been done with Apple to minimise its tax bill in Ireland.

Derek Moran also said the Government would fight the European Commission in court if it makes adverse findings in its investigation into whether the company is in receipt of illegal tax incentives.

The commission has already made preliminary findings that Irish officials gave "selective" treatment to Apple. The tax rate paid by Apple here has caused controversy for some time.

Two years ago the company said it had paid an effective tax rate of less than 2pc in Ireland over the previous decade. But Mr Moran told the Dáil Public Accounts Committee the Government was "of the firm view" it had done nothing wrong.

The commission has said it believes tax rulings granted to Apple in 1991 and 2007 "do not comply with the arm's length principle" of the Organisation for Economic Cooperation and Development.

Irish Independent

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