EU will make decision on Apple tax in September or October

taxmanThe European Union’s antitrust chief has indicated that it will likely reach a decision in September or October on its two-year probe into Apple’s tax dealings with Ireland.

The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs. Apple and Ireland reject the accusation.

The Irish Finance Minister Michael Noonan said that Commissioner Vestager had told him that there would not be a decision in July but there would probably be a decision early in the autumn – probably September or early Octobe.

“I didn’t discuss the potential decision but we did discuss the presentation of the decision. I have no indication of what way the decision will go or what the implications of the decision will be,” the finance minister said.

The investigation could force Apple to pay substantial back taxes. But given it has huge problems fessing up when it does anything wrong, Apple has said it will join Ireland in appealing any adverse ruling.

It will have its work cut out for it. The European Commission has already ordered Dutch authorities to recover up to 30 million euros from US coffee chain Starbucks and Luxembourg to do the same with Fiat Chrysler for their tax deals.