tag:blogger.com,1999:blog-6685155377705481833.post4075838034000918088..comments2023-09-22T03:17:50.469-04:00Comments on Middle Class Political Economist: We will soon know if Apple is ordered to pay billions in EU state aid case UPDATEDKenneth Thomashttp://www.blogger.com/profile/05747704671007690674noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6685155377705481833.post-33009591104450811972016-07-20T16:19:38.727-04:002016-07-20T16:19:38.727-04:00Hi Tim, good to hear from you. I'll take your ...Hi Tim, good to hear from you. I'll take your bet. I think the order will be for at least €1 billion. So maybe €300-900 million would then be a tie.<br /><br />Yes, to clarify for the readers, a "repayment order" is always paid to the government which granted the state aid. So of course it is true that the Commission won't be saying anything about payments to the Commission, as that is not what happens in state aid cases. It is only in anti-trust cases (cartel, abuse of dominant position, etc.) that a "fine" is possible, which is paid to the European Union.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-88825624525703978332016-07-20T05:39:50.516-04:002016-07-20T05:39:50.516-04:00I'll make a bet with you.
For bragging points...I'll make a bet with you.<br /><br />For bragging points only mind.<br /><br />Assume that the Commission does find illegal state aid.<br /><br />Which won't be about the non-resident company nor the tax rate. <br /><br />But my prediction is that assuming guilt then the charge will be €200 million or so and that will be to cover a decade. €20 million a year or so.<br /><br />Note that the commission won't say anything at all about Apple having to pay the commission. It might though say that the Irish government should recoup the state aid from Apple.Tim Worstallhttps://www.blogger.com/profile/13161727860817121071noreply@blogger.com