Adverse Apple ruling still unlikely: Vale
One of Ireland's leading tax experts said it is unlikely that a European tax inquiry will find that Apple's arrangements in Ireland broke state-aid rules.
This is despite the fact that during the week EU competition commissioner Margrethe Vestager found that Luxembourg granted "selective tax advantages" to Fiat's financing company while Starbucks received the same from the Netherlands. The firms were ordered to pay out between €20m and €30m.
There had been speculation that the rulings would put more pressure on Apple. The investigation, launched by the Commission last year, alleges that Ireland gave selective tax advantages to Apple in two deals struck in 1991 and 2007. A ruling is expected in the coming weeks.
Peter Vale, tax partner at Grant Thornton, said: "I don't think the rulings have huge implications, they are very different cases. Ireland has a robust technical case and the EU has very little to go on. I don't think it will be successful, they didn't get anything another taxpayer wouldn't have got."
Sunday Indo Business