With Budget 2025 imminent, the minister for public expenditure and reform talks about his economic priorities, countering the rise of the far right, and what Ireland’s economy will look like in a decade.
The €13bn Apple tax ruling ensures the competition commissioner is leaving her post with a smile – and with the spotlight once again on Ireland’s relationship with multinationals.
Ireland needs to take the politics out of the Apple money as quickly as possible and use it to galvanise the country’s future. Allocating it to a sovereign wealth fund might not win votes, but it makes much economic and financial sense.
Ireland has spent the last 10 years fighting Europe on Apple while simultaneously rehabbing its reputation and helping rewrite global tax rules. It was a high-stakes approach, but one that has paid off handsomely.
The multinational has warned shareholders of a tax hit from today’s EU court decision against Ireland, but nowhere near the €13 billion set aside in an escrow account. US tax is coming into play.
Ten years on from the start of a formal investigation into Apple’s Irish tax affairs, the European Commission has won its case. Its meaning extends far beyond the collection of back taxes.
Fiona Garvey, CEO of software distribution platform Softonic, discusses how the EU’s new competition rulebook will shake up the way people find and use apps.
The Californian IT giant has reached a steady state after establishing the second generation of its pioneering green jersey tax structure and is set to continue lining Irish State coffers.
The advocate general’s opinion shows that the EU court will either conclude that Ireland never did anything wrong in the old double Irish days, or vindicate its shift towards the even more lucrative green jersey scheme.
The Vision Pro may never become a mainstream household device, but with Apple’s dollars and innovation behind it, the Vision OS and its paradigm of spatial computing look set for success.
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