Talking Tax

Reading Signals From Apple's $14 Billion EU Tax Ruling


Listen Later

The European Court of Justice's ruling against Apple Inc. over a $14.4 billion Irish tax bill stunned members of the international tax community, who said it throws the high court's precedent on tax state aid cases into disarray.

The EU high court ruled last month that the company's tax positions in Ireland, which were agreed to by Irish authorities in 1991 and 2007, amounted to illegal state aid. EU law stipulates that member states shouldn't give companies preferential treatment—state aid—over other businesses. Unlawful state aid could come in the form of preferential tax benefits.

The decision was particularly perplexing to tax observers because it didn't rely on rulings in similar, previous high-profile cases involving Fiat Chrysler or Amazon, where the ECJ sided with the companies rather than the European Commission.

This week, Bloomberg Tax reporter Lauren Vella chats with University of Virginia professor Ruth Mason and Stephen Daly, reader in tax law at King’s College in London, who say that there is a possibility companies with structures similar to Apple aren't safe from EU probes into their tax positions. They also discuss what effect the decision could have on the court's reputation and the European Commission's power to investigate tax matters.

Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

...more
View all episodesView all episodes
Download on the App Store

Talking TaxBy Bloomberg Tax

  • 3.9
  • 3.9
  • 3.9
  • 3.9
  • 3.9

3.9

110 ratings


More shows like Talking Tax

View all
Marketplace by Marketplace

Marketplace

8,801 Listeners

Motley Fool Money by The Motley Fool

Motley Fool Money

3,228 Listeners

WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,713 Listeners

Bloomberg Law by Bloomberg

Bloomberg Law

379 Listeners

Journal of Accountancy Podcast by AICPA & CIMA

Journal of Accountancy Podcast

75 Listeners

On The Merits by Bloomberg Law

On The Merits

32 Listeners

Cases and Controversies by Bloomberg Law

Cases and Controversies

155 Listeners

Tax Notes Talk by Tax Notes

Tax Notes Talk

92 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

347 Listeners

Worklife with Molly Graham by TED

Worklife with Molly Graham

9,167 Listeners

Cross-border Tax Talks by PwC

Cross-border Tax Talks

112 Listeners

UnCommon Law by Bloomberg Industry Group

UnCommon Law

173 Listeners

The Long View by Morningstar

The Long View

934 Listeners

The Journal. by The Wall Street Journal & Spotify Studios

The Journal.

6,097 Listeners

Tax News & Views by Deloitte US

Tax News & Views

27 Listeners

Inside International Tax by KPMG LLP (U.S.)

Inside International Tax

39 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

230 Listeners

Federal Tax Updates by Roger Harris, EA and Annie Schwab, CPA

Federal Tax Updates

33 Listeners