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Apple tax ruling impacts all-Ireland economy - Murphy

2 September, 2016 - by Conor Murphy

Sinn Féin MLA Conor Murphy has said the Apple tax scandal has impacted on the economy across the island of Ireland. 

Mr Murphy said; 

"The European Commission's ruling that Apple owe £13bn in taxes and the Irish government's subsequent decision to appeal that decision has sparked anger across Ireland. 

"Apple avoided paying tax on the profits of products sold across Europe, the middle East and Africa including here in the North. 

"So if you bought an iPad in Newry no tax on the profit was paid and the money was funneled offshore. 

"Sinn Féin believes in tax fairness. Everyone, and all companies, should pay their fair share. Tax avoidance by multinationals costs in terms of investment in public services and protections and undermines the investment that is key to growing prosperity.

"All of this again underscores the need for money owed to be directed to investment in public services and the economy and for the executive in the north to have the full fiscal powers to ensure that taxable profits are invested locally." 

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