BRUSSELS European Union regulators said Tuesday they believe that tax deals granted to Apple Inc. in Ireland constitute illegal state support for the U.S. company, in a letter to the Irish government that set out the reasoning behind the decision to open an in-depth investigation in June.
The European Commission, the 28-member blocs central antitrust authority, said it had reached the preliminary view that tax deals struck in Ireland in 1991 and 2007 in favor of the Apple AAPL, -0.64% group constitute state aid.
Through those rulings the Irish authorities confer an advantage on Apple that is granted in a selective manner, the commission wrote.
That advantage is obtained every year and ongoing, when the annual tax liability is agreed upon by the tax authorities in view of that ruling, the letter said.
The Commission has doubts about the compatibility of such state aid with the Internal market, it said.
An expanded version of this report appears on WSJ.com
Here is the original post:
The Wall Street Journal: Apples Irish tax deal broke state-aid rules, says EU
Al Shabaab kill 12 in Somali bomb attacks
World News USA News America News Russia News Europa News BBC CNN RT France 24 JSC ISIS UK Obama European Union UK David Cameron Putin Army Syria Iraq Libya Egypt Vladimir Putin Germany Arabian...
By: Van24th
See original here:
Al Shabaab kill 12 in Somali bomb attacks - Video
British man accuses X Men director of teenage sexual abuse
World News USA News America News Russia News Europa News BBC CNN RT France 24 JSC ISIS UK Obama European Union UK David Cameron Putin Army Syria Iraq Libya Egypt Vladimir Putin Germany Arabian...
By: Van24th
Read the original here:
British man accuses X Men director of teenage sexual abuse - Video
A weekend of protests in Spain
World News USA News America News Russia News Europa News BBC CNN RT France 24 JSC ISIS UK Obama European Union UK David Cameron Putin Army Syria Iraq Libya Egypt Vladimir Putin Germany Arabian...
By: Van24th
Go here to read the rest:
A weekend of protests in Spain - Video
Activists plan rally on anniversary of Gezi Park clashes
World News USA News America News Russia News Europa News BBC CNN RT France 24 JSC ISIS UK Obama European Union UK David Cameron Putin Army Syria Iraq Libya Egypt Vladimir Putin Germany Arabian...
By: Van24th
Read more:
Activists plan rally on anniversary of Gezi Park clashes - Video