EU probe puts spotlight on Ireland taxation

Offering attractive tax rates to companies such as Apple is a major plank of its recovery plan


A EUROPEAN Union probe into a tax deal between Ireland and Apple is raising pressure for a tightening of a controversial corporate tax system helping the country accelerate away from crisis. The attention will be on any changes in Ireland's draft budget to be presented this week.

In the face of strong criticism that Ireland's tax policy is unduly favourable and distorts investment decisions, Ireland and Apple insist that the arrangements for the US company's European headquarters do not amount to illegal state aid as defined by EU competition rules.

The investigation by European Union authorities in Brussels is putting the spotlight back on the tax strategy, following scathing attacks during...

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