Editorial: Apple probe will show our tax system is unfair
The European Commission's probe into Apple's tax affairs poses several problems for the State.
The first problem is credibility: this country has given repeated assurances to our partners guaranteeing that there was no state aid. A finding to the contrary would show we misled both the US Senate and the European Commission.
A second problem is our reputation. While we are no longer seen as a basket case, we have some way to go before our reputation for financial rectitude is restored. A finding against this country would copper-fasten the notion abroad that there is something not quite right about the way we do business. It would also leave question marks over the way Apple does business, which might scare off other companies interested in investing here.