EU RULING AGAINST IRELAND WILL BOOST CHANCES OF IREXIT

EU law having primacy over laws made by Ireland’s lawmakers. Irexit is looking more appealing to all sides…

 August 30 2016 @ 09:37

The European Commission is expected to levy a judgment against Apple soon that could total in the billions of euros. 

This is as a result of Apple domiciling in Ireland and benefiting from its competitive tax regime. 

Essentially the Commission is seeking to undermine Ireland’s low tax policy which attracts multi-nationals to the Western periphery of Europe. As one minister told the Irish Times: “They are trying to make us tax Apple for stuff that doesn’t happen here. It’s nonsense.” They come for the tax regime and find a young, highly-educated workforce with a can-do attitude….

“We don’t believe we gave any state aid to Apple,” Eoghan Murphy, junior finance minister, told broadcaster RTE, “It’s in the national interest that we defend our international reputation in this regard.” Precisely. 

The bloated high tax states are going to attempt to hobble low tax Ireland with the handicaps that they have given to enterprises in their own countries. Most mainstream politicians of all parties are committed to Ireland being, in the words of the Taoiseach Enda Kenny, “the best little place to do business in the world”. 

The Commission is undermining that competitive advantage. The right-of-centre pro-business parties are going to fight this ruling, the left-of-centre parties were angry earlier this summer because the Commission overruled the Dáil (parliament) on water charges – forcing the state to charge for water supply which was hitherto delivered free to homes. 

EU law having primacy over laws made by Ireland’s lawmakers. Irexit is looking more appealing to all sides…

Ireland’s contribution to the EU is rising by €380 million this year because its GDP is surging as the economy rebounds. Ireland is a net contributor to the EU budget after decades of being a net beneficiary. 

Ireland’s EU burden share will increase post-Brexit as the EU loses the second biggest net-contributor. This will change the debate, particularly as Dublin watches Ireland’s biggest trading partner Britain continue to thrive outside the EU…

https://order-order.com/2016/08/30/eu-ruling-against-ireland-will-boost-chances-of-irexit/





IRELAND ASSERTS TAX SOVEREIGNTY IN EUROPEAN COMMISSION LEGAL BATTLE

Ireland’s Finance Ministry is not holding back in the battle with the European Commission. In a legal briefing over the Apple Tax case the Irish government argues that:

• The Commission has misunderstood the relevant facts and Irish law
• The Commission has misapplied State Aid law
• The Commission wrongly invokes novel legal rules
• The Commission has exceeded its powers and interfered with national tax sovereignty

There is no doubt that the Commission is trying to use State Aid laws to thwart Ireland’s competitive tax regime over which the EU has no competence. 

Ironically if Ireland loses it gets a windfall of €13 billion in taxes (about €2,600 per person). That is enough to wipe out the budget deficit for a couple of years…

Nevertheless it is a fight that Ireland wants to win. Post-Brexit Ireland wants to be seen as corporate America’s best friend in the EU. Ireland is looking to a high-tech future across the Atlantic…

https://order-order.com/2016/12/19/ireland-asserts-tax-sovereignty-in-europen-commission-legal-battle/