Irish finance minister calls €14B tax windfall from Apple 'transformational'

It was win-win for Ireland. They got Apple investment and jobs for years, at the expense of other states, then “lose” a court case and get a tax windfall.

Some companies might leave but they are not better off elsewhere in the EU so I think most will stay.

I wonder how long this tax revenue will last, I realize this is a one time lump sum, now that the tax advantage for "locating" in Ireland no longer exists.

> The windfall is being banked in two tranches – €8bn this year and the remaining €6.1bn next year – giving the country’s finance department a projected €105bn in tax revenue for 2024.

So this is about 7.6% of their tax revenue for this year and 5.8% of their revenue next year. If AAPL does leave that's a massive loss for the country.

> Combined with the one-off revenue from Apple, the expected corporate tax intake for Ireland is €38bn, half of which comes from the top 10 companies, including the tech companies Microsoft and Intel, and pharma multinationals, such as Pfizer.

Ireland could be facing a massive corporate tax loss if these companies just all up and go to a new European country.

Possible destinations are Luxembourg(Amazon, Fiat Chrylser) and the Netherlands (starbucks)

It’s a clear headed decision. Every euro of it needs to be spent on infrastructure. We can’t fix the shit weather but we can try to bring the country up to modern standards.

IMO, fears of companies leaving are unfounded. We’re still the only native English speaking country in the EU and from a business sense, our culture most closely matches that of the US. The Irish government knows where the bread is buttered. There will always be attractive incentives for multinationals to be HQd here.