A PYMNTS Company

EU: Vestager defends Apple ruling in EP debate

 |  September 14, 2016

The European Parliament debate on the European Commission’s ruling that Ireland granted Apple illegal state aid is under way in Strasbourg.
Opening the debate, European Commissioner for Competition Margrethe Vestager said the decision followed an in-depth investigation following two tax rulings issued by Ireland to Apple.

She said Ireland gave a selective advantage to Apple over two decades and this is illegal under EU state aid rules, but said the state aid decision into Apple does not call into question into Ireland’s tax regime or its corporate tax rate.

The Danish Commissioner added that she will defend the ruling in light of the decision by Apple and Ireland to appeal and hopes the ruling will be published soon.

Ms Vestager said all companies big or small should pay taxes where they generate their profits and that transparency is very important in a democratic society and basic tax information should be made public.

Full Content: RTE News

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.