Linked by Thom Holwerda on Tue 30th Sep 2014 09:20 UTC
Legal

We already reported on this one yesterday, but it's official now: after a preliminary investigation, the EU has accused Ireland of providing illegal state aid to Apple by means of Apple-specific low tax rates which the EU states do not conform to market standards. In addition, while there are certain specific cases in which state aid is legal, none of those seem to apply in this case. These cases cover things like aid to severely impoverished regions, natural disaster relief, important projects of common European interest, and similar things.

At this stage, the Commission considers that the measure at issue appears to constitute a reduction of charges that should normally be borne by the entities concerned in the course of their business, and should therefore be considered as operating aid. According to the Commission practice, such aid cannot be considered compatible with the internal market in that it does not facilitate the development of certain activities or of certain economic areas, nor are the incentives in question limited in time, digressive or proportionate to what is necessary to remedy to a specific economic handicap of the areas concerned.

Possible fines, which could run in the billions of euros, would be on Apple. So, unlike what some of our readers vehemently claimed - "There is no possibility of a fine upon Apple whatsoever" - Apple could very well end up paying billions of euros.

The Commission wishes to remind Ireland that Article 108(3) of the Treaty on the Functioning of the European Union has suspensory effect, and would draw your attention to Article 14 of Council Regulation (EC) No 659/199935, which provides that all unlawful aid may be recovered from the recipient.

This is only the beginning. Several other companies and countries - Google, Starbucks, The Netherlands, Luxembourg - are also under investigation, and will likely face similar proceedings in the near future.

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Same story two posts down
by themwagency on Tue 30th Sep 2014 14:00 UTC
themwagency
Member since:
2013-03-06

If there was new news to report... why not amend/update the story posted two posts down.

One might think this site likes to repeat negative Apple news.

Reply Score: -2

RE: Same story two posts down
by Thom_Holwerda on Tue 30th Sep 2014 14:19 in reply to "Same story two posts down"
Thom_Holwerda Member since:
2005-06-29

You got me. Totally. That's it. We like to report negative news about Apple and milk it for all it's worth. It's all part of a big conspiracy to bring down Apple's stock and make Ive cry.

Goshdarnit you've exposed us. Whatever shall we do.

Reply Parent Score: 7

themwagency Member since:
2013-03-06

I didn't make any such accusation.... but thank you for owning up to it regardless.

Edited 2014-09-30 16:03 UTC

Reply Parent Score: -1