01 September 2016 European Commission finds Ireland granted illegal State aid and orders recovery The European Commission (the Commission) released its decision on August 30, in its investigation into the (alleged) State aid issues associated with a multinational company's tax arrangements agreed with the Irish Government. The Commission has concluded that two tax rulings issued by Ireland have substantially and artificially lowered the tax paid by the multinational in Ireland since 1991. The Commission has ordered that Ireland must now recover the unpaid taxes in Ireland from the multinational for the years 2003 to 2014 of up to €13 billion, plus interest. A Tax Alert prepared by EY's EU Tax Services group, and attached below, provides additional details. Document ID: 2016-1482 |
