Friday 9 December 2016

We could have been fairer... but we would be broke

Published 05/09/2016 | 02:30

Apple CEO Tim Cook has denied that the company has done anything wrong. (Photo by Justin Sullivan/Getty Images)
Apple CEO Tim Cook has denied that the company has done anything wrong. (Photo by Justin Sullivan/Getty Images)

The Government has no real option but to launch an appeal to the €13bn Apple tax ruling. In theory, the Government could say that it plans to take the money. In practice, the short-term gain might be overturned by a successful appeal that Apple would take and it could jeopardise a raft of other multinational investments either already made or likely to be made in the future.

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The consequences of the European Commission ruling could be very damaging for this country if it goes unchallenged.

Challenging the ruling is one way for the Government to assert that it stands over the tax arrangements it reached with Apple.

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