Ireland suffered reputational damage from Apple tax case, says Donohoe

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Ireland has suffered “significant” reputational damage due to the €13bn Apple tax case, according to the Minister for Finance.Paschal Donohoe said corporate tax changes globally will have “repercussions” for the State’s 12.5 per cent rate.Speaking on a PwC Ireland webinar, Mr Donohoe claimed that while Ireland was vindicated in appealing a 2016 European Commission finding that Apple had received State aid and preferential treatment, the case had taken its toll politically.The EU’s General Court ruled earlier this month that Ireland did not give Apple illegal state aid, overturning a decision by the European Commission four years ago that the tech giant owed the Irish exchequer over €14 billion in back taxes.The ruling showed Ireland took the right approach in appealing the decision, Mr Donohoe said.“Of course, the political challenges that the decision created for us, the great reputational difficulties that it created for Ireland in recent years, mean that while there was a lot of solace in seeing our position vindicated, on the other hand, the effect it has had on us, the effect on our reputation has been very, very significant over the last number of years,” he said.READ MOREApple wins case against EU €13bn tax ruling

Source: Business News