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**.

Just explain the basics of the EU ruling in Apple's case. Hi. Yeah. The case relates to tax Apple's tax that was paid in Ireland back in the 1990 and early 2000. Under the ruling today, the European court ruled that Apple didn't hadn't paid enough tax and that Ireland had granted Apple state aid in relation to its presence in Ireland. So that tax will now need to be paid in Ireland. Just remind us more broadly of Ireland's view on taxes of old and why it is embroiled in this way with Apple. Well, back in the early 1990s, Ireland had wanted to make itself an attractive place for foreign direct investment, and it had a lower corporation tax rate as part of those efforts. Since then, there was a lot of accusations at the time of Ireland that island had become a tax haven. There were some tax tax loops, essentially one in particular that was known as the Double Irish.

Those have in the past ten, 15 years, those have essentially been closed off. And Ireland is now subject to has signed up to OECD rules on global taxation, and it now has a 15% corporate corporation tax rate. So those situations have changed. But at the time, back in that this refers to a very specific period back in the 1990 and 2000.

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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.