EU Ruling on Apple's Tax Payments and Ireland's Tax Policies

Apple must pay back taxes in Ireland following a European court ruling on state aid.

### EU Ruling on Apple's Tax Payments in Ireland
* 🏛 The European court ruled that Apple did not pay enough tax in Ireland during the 1990s and early 2000s, stating that the country had granted Apple **state aid**.
* 💰 As a result of this ruling, Apple is now required to **pay additional taxes in Ireland** that were previously deemed **insufficient**.
* 🇮🇪 Historically, Ireland aimed to attract foreign direct investment by maintaining a **low corporation tax rate**, which contributed to its reputation as a **tax haven**.
* 🔍 Accusations of Ireland being a tax haven were fueled by specific tax loopholes, notably the **"Double Irish,"** which have since been **closed over the last decade**.
* 📜 In recent years, Ireland has aligned itself with OECD rules on global taxation and established a **corporate tax rate of 15%**.
* 🕰 The current ruling pertains specifically to the tax practices in place during the **1990s and early 2000s**, highlighting the changes in **Ireland's tax policy since then**.

Apple, Google Lose Multibillion Dollar EU Court Fights

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The European court ruled that Apple didn't pay enough tax in Ireland during the 1990s and early 2000s, leading to the requirement for back payment.

Ireland had aimed to attract foreign investment with a lower corporation tax rate, resulting in accusations of being a tax haven.

The country implemented tax loops, including the controversial "Double Irish," to further attract companies like Apple.

Ireland's corporate tax practices have shifted significantly over the past 10-15 years.

The country has now committed to OECD global taxation rules and implemented a 15% corporate tax rate.

These changes mark a departure from the previous tax strategies used in the 1990s and 2000s.