1. Exquisite Tweets from @WhelanKarl

    PreoccupationsCollected by Preoccupations

    I’m not a tax expert but I’ll give my two cents on the Apple thing.

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    WhelanKarl

    Karl Whelan

    Talk of a "special rate" moves the understanding of what happened in Ireland backwards relative to much of the earlier discussion about tax.

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    WhelanKarl

    Karl Whelan

    What allowed Apple to pay little tax was the “double Irish” system, explained here independent.ie/irish-news/how…

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    WhelanKarl

    Karl Whelan

    As Jim Stewart says “Irish tax law has been amended to ensure that firms cannot be stateless.”
    irishexaminer.com/viewpoints/ana…

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    Karl Whelan

    And the evidence (including GDP and tax figures) suggests Apple moved much of this profit in to Ireland in 2015 and is now paying tax on it.

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    WhelanKarl

    Karl Whelan

    There are 2 definitions of “illegitimate”. One is morally bad. Another is “illegal”. Imho the double Irish was morally bad but it was legal

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    WhelanKarl

    Karl Whelan

    Reputational damage from failing to appeal and accepting the money? Less than some are saying: Apple are already paying more tax in Ireland.

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    Karl Whelan

    But the Irish government will probably expect the Commission ruling to be overturned and so won’t think they will ever see the money.

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    WhelanKarl

    Karl Whelan

    And failing to appeal would call into question lots of other tax judgements made by the Irish tax authorities.

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    WhelanKarl

    Karl Whelan

    My hope? Apple lose their case and Ireland gets the money while making clear it had not intended to mislead with the advice given to Apple.

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    WhelanKarl

    Karl Whelan

    My expectation? Ireland and Apple appeal. Case goes on for ever and the Commission decision is overturned.

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    WhelanKarl

    Karl Whelan

    But the fuss about this has succeeded in making firms like Apple change tax structures already and Ireland is (so far) benefitting from this

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    WhelanKarl

    Karl Whelan