One of US President Donald Trump’s bugbears, according to his statements justifying new tariffs on European-made goods, is the Vat that American companies (like European companies) must pay when doing business in the EU. As if on cue, and to mark the tenth anniversary of a long-running dispute between the Revenue Commissioners and a unit of the Irish-headquartered medical products multinational, Ireland’s seccond highest court has ruled that Medtronic may not be exempt from a €45.9 million Vat bill the company received on behalf of its subsidiary Covidien Ltd for liabilities incurred between 2011 and 2014. Medicines and medical devices…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .