irish: The EC says that Ireland broke EU state aid laws, and must recoup this money, according to The Toronto Star. But the Irish government says it doesn't want the money, and can't be forced to go after it. That almost $20 billion Canadian, manna from heaven for the struggling country. What is going on Developed countries are growing concerned they will not be able to capture enough in taxes to maintain their high living standards. The European Commission ramped up investigations of aggressive tax planning, which produced the Apple ruling, are a result of the same anxiety. That why the OECD has been working with the G-20 and other nations since 2013 to design a Base Erosion and Profit Shifting package, in hopes of coordinating actions internationally to reduce tax avoidance by corporations and individuals.
(news.financializer.com). As
reported in the news.
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