What should happen with the money?

y0ssar1an22

If we reluctantly take the cash, how should it be utilised?

Housing crisis should be gone, all the bloat in the civil service should be gone.

Prob nothing will happen but more money to waste

https://www.thejournal.ie/apple-tax-case-decision-6212542-Nov2023/

madeiracake

Easy drop the VAT rate on petrol and diesel. Everyone benefits. Deliveries to shops will be cheaper, the the price of goods should go down.

SteM

https://www.boards.ie/discussion/comment/121329497#Comment_121329497

What makes you think those savings will be passed on to customers through lower price of goods? VAT was lowered for the hospitality sector from 13.5% to 9% but that wasn't passed on to the general public through lower prices.

L1011

The bulk of it would be claimed by other EU countries and our tax base would be damaged by far more than what we'd get from it

Strumms

Ireland will probably lose. Apple has way more muscle.

But the reality is it’s not an awful lot of money.

you could spend half of it paying some of the national debt…. But we owe hundreds of billions so it wouldn’t be noticeable.

it will probably just be put in the account and spent in time, as and when.

what could happen with the money….

fast track Corks light rail system… the cost was in 2019 supposedly 1 billion…so do we put it on the long finger and watch the price rise and then pay about 1.8 billion for it in about 10 years ?

invest it in healthcare, defence, education as a three pronged priority…

examine the possibility of a third metro line for Dublin, it will be needed at some juncture.

sugarman20

We won't be getting this money.

Clo-Clo

https://www.boards.ie/discussion/2058321242/what-should-happen-with-the-money

Ireland won't get the money, it will be spread out across Europe and we will end up with peanuts. Hence why the government rightly fought against it while some parties got confused and wanted to side with Europe against Apple/Ireland.

https://www.boards.ie/discussion/comment/121329670#Comment_121329670

Ireland is part of the Apple team. If Apple wins so does Ireland.

Emblematic

https://www.boards.ie/discussion/comment/121329517#Comment_121329517

This is the general consensus but I'm not sure on what legal basis other countries have a claim. Had we taxed Apple as it is claimed we should have over the years, that money would not have been distributed among other EU countries. Therefore on what basis should we be doing it now?

crusd

It looks like most of the money would end up with lawyers and accountants

So what would happen if Ireland loses the case and the final decision is that we can take the €13 billion? 

If that were to happen, there is a belief within government that the first thing that would happen is that other countries would then come out and say they deserve a share of the tax revenue, claiming it is tax that they were deprived of due to the special deal with Ireland. 

A “phenomenal political quagmire” is how it has been described by senior sources, who said it would be unprecedented as to how it would be decided as to who gets what, in that case

Rustyman101

Build another children's hospital, that should see it gone.

Probably have to stump up a few bob more at the end to get it to 2nd fix.

bren2001

https://www.boards.ie/discussion/comment/121329670#Comment_121329670

You realize Ireland and Apples interests are aligned on this.....???

We want Apple to win. By "we" i mean the government. (I also want apple to win)

Charles Babbage

https://www.boards.ie/discussion/comment/121330085#Comment_121330085

Well either way, the "money" would not be distributed quickly. The government should put into a unification fund and then SF couldn't spend it.

Emblematic

https://www.boards.ie/discussion/comment/121330137#Comment_121330137

I don't think the government can tie the hands of a future government in that way but I'm still curious about how other countries might have a claim on corporation tax in this country. Do we for example pay a proportion of Microsoft's corporation tax to other countries? If not, on what basis do we need to pay Apple's back tax that, it has been argued, we should have been collecting?

ArmaniJeanss

https://www.boards.ie/discussion/comment/121330148#Comment_121330148

I guess the theory would be that if we had charged the tax at the time, then Apple wouldn't necessarily have chosen Ireland but instead one or more other European countries with similar or lesser tax rates.

Less directly, the improvement to our finances might make us liable for an increased EU contribution for that time-span - we are now a marginal contributor rather than a beneficiary and presumably there is a correlation between our contribution and how rich we are as a country.

TheChizler

https://www.boards.ie/discussion/comment/121329517#Comment_121329517

Wouldn't the entirety of it be open to being claimed by other countries? My understanding when this case started was that Apple paid tax on all profits raised in Ireland to Revenue as normal (worth something like €100M), the €13B was on profits raised in other countries, creating the ambiguity on who collects it that the government is relying on.

Montage of Feck

Do a swap for apple shares.