And disincentivise future business by showing how greedy a socialist government system can be.
Like a capitalistic gov is better. At least they have access to quality and affordable healthcare AND a retirement age not getting pushed up or having your retirement funds spent to fund the gapig hole left by not collectingnthr proper amount of corporate tax
You realise capitalism created all the technology and wealth you see around you yeah? Affordable health care? You mean the NHS which is so inefficiently run, it's the single biggest burden to the UK tax payer and to the general economy? Quality? Tell that to the thousands on waiting lists to and to those who have had loved ones die because of yet another failed socialist project.
Russia, for example has both "affordable healthcare" and "pension" system. The only thing I can tell you, after experiencing that as well as US healthcare (which is not in the best state), is that I would rather chose the capitalist "in-affordable" one, because any socialist "affordable" system is only affordable on paper. Why? Try "affordable" u-sound scanning done to you, for which you need to be in queue for 3-5 months to receive it. It is free, though...so it is affordable...if you don't die prior to it, that is.
Private healthcare, services are rationed by price. Public healthcare, services are rationed by queues.
Personally, waiting for months for a serious problem sucks, and I was amazed to discover how accepting Pommies are to wait to just see an NHS GP. But hey, pick your poison.
A mix is probably the best compromise, but you then have to live in a constant war with those who think everything should be free and those that get sick of paying for other peoples’ free stuff.
But back on the EU and taxes. That Euroweenie sounds like a calf realising weaning day approaches.
You can pick your poison in a capitalist society any day: more money, short time, higher quality. Less money, longer time and lower quality. With socialism there will be no choice. It will be higher cost, and the only option of low quality and longer wait periods...
No wonder, all EU companies are crushed against US companies. Let me see...is there any hi profile EU corporate anymore beside the Swiss bank? Nokia is pretty dead and trying to survive on Patent loyalty payments...any other?
You need to polish your Google skills. That was one very ill-informed post.
But it does mean the new US tax laws allows apple and many other US company to just bring the new money home right away and not have to funnel it through Ireland and out US country so the UE can never tax it, This is why the EU was in such a hurry to find Apple and other companies some how violate their laws so they could get their hands on the money before it left.
The US just put the screws to the EU, US companies no longer have to hide money off shore and it can come home to be put to use in the US.
At least they have access to quality and affordable healthcare
1. If you don’t know what socialism, capitalism, communism, fascism, or republicanism are, don’t reply. Holy fuck. 2. Im-FUCKING-plying the US doesn’t? Hilarious, kiddo.
AND a retirement age not getting pushed up
Enjoy funding your commie shit when the US pulls out of NATO.
not collectinng the proper amount of corporate tax
It’s cute you think that you get to say what is and isn’t the “proper” amount of tax. How about you go door to door and demand people give more. See how far that gets you.
And disincentivise future business by showing how greedy a socialist government system can be.
Like a capitalistic gov is better. At least they have access to quality and affordable healthcare AND a retirement age not getting pushed up or having your retirement funds spent to fund the gapig hole left by not collectingnthr proper amount of corporate tax
I guess if your goal in life is to have the government take care of you this is all true. However, if you plan for your future, you will not care about these things. I am not at retirement age, but I can pretty much retire soon without any government assistance. Reason being, I was never told growing up that the government would take care of me in the future, I was actually told you better plan to take care of yourself.
However, things in the EU are not all rosy, I go to Canada all the time, and I listen to the local radio and They always talking about our messed up the health care system is and how the government every year under funds or some how waste money which causes people to have to wait to get basic care. As someone once told me, if you think you have problems now, wait to you see the solution the government comes up with.
But it does mean the new US tax laws allows apple and many other US company to just bring the new money home right away and not have to funnel it through Ireland and out US country so the UE can never tax it, This is why the EU was in such a hurry to find Apple and other companies some how violate their laws so they could get their hands on the money before it left.
The US just put the screws to the EU, US companies no longer have to hide money off shore and it can come home to be put to use in the US.
Companies can move their money whenever and wherever they like, always have been able to do that - it's just the US had a higher tax repatriation rate until now for whatever reason. It has nothing to do with taxes on sales within the EU - those would still be payable regardless.
Just like if you earned a wage all year and shifted the money to an offshore account before paying your taxes, it doesn't make you exempt because the money is "gone", it's still owed.
And disincentivise future business by showing how greedy a socialist government system can be.
Like a capitalistic gov is better. At least they have access to quality and affordable healthcare AND a retirement age not getting pushed up or having your retirement funds spent to fund the gapig hole left by not collectingnthr proper amount of corporate tax
I guess if your goal in life is to have the government take care of you this is all true. However, if you plan for your future, you will not care about these things. I am not at retirement age, but I can pretty much retire soon without any government assistance. Reason being, I was never told growing up that the government would take care of me in the future, I was actually told you better plan to take care of yourself.
However, things in the EU are not all rosy, I go to Canada all the time, and I listen to the local radio and They always talking about our messed up the health care system is and how the government every year under funds or some how waste money which causes people to have to wait to get basic care. As someone once told me, if you think you have problems now, wait to you see the solution the government comes up with.
It is very complicated. To retire early on a private pension you need a job that allows you to earn enough to invest. Then the investment has to be successful. Getting and holding a job is difficult in some parts of the world. Getting a job that leaves enough leftover to invest is also an issue. Education isn't always the solution. Some countries are overflowing with workers with university degrees working as shop assistants. Unskilled labour is also suffering due to automation. Then we have to take into account that we live longer and so retirement ages will inevitably go up.
Universal standard incomes are now being looked at as a partial solution.
Even countries like Switzerland have their problems. By chance, I have three Swiss neighbours. None of them are happy with the situation in Switzerland. The most common complaint is that French workers take Swiss jobs working for half of what a Swiss person needs to survive. All my neighbours own property in my block but rent in Switzerland because buying in Switzerland is beyond their means. They plan to retire to Spain with very good pensions (by Spanish standards) but the Swiss government could be looking to adapt pensions to the cost of living where the pensioners live. My neighbours are not happy.
Of the three the lowest earner is earning the equivalent of around 6,000 euros a month. The cost of living means that seemingly high amount becomes a stretch in real terms.
But it does mean the new US tax laws allows apple and many other US company to just bring the new money home right away and not have to funnel it through Ireland and out US country so the UE can never tax it, This is why the EU was in such a hurry to find Apple and other companies some how violate their laws so they could get their hands on the money before it left.
The US just put the screws to the EU, US companies no longer have to hide money off shore and it can come home to be put to use in the US.
I think you misunderstand what the new tax law does. Something it does NOT is prevent foreign countries from taxing sales of Apple products in their countries. Apple would still owe corporate taxes on profits wherever they have retail operations AFAIK.
And disincentivise future business by showing how greedy a socialist government system can be.
Since when is the European commission a socialist government?
Because in a lot of EU countries taxes are quite high to cover to a lot of social programs? Why? Europe is still socialist and it was 40 years ago A LOT more socialist. Trends of the time, I guess.
Way to go Europe!! EU is the second worldwide market for Apple (behind America, but before China, and the rest of the world), I bet they're gonna pay what they owe in local taxes there and damn sure they're happy to! They wouldn't want to worry the slightest their second worldwide market regulators.
Don't let it bother you that Ireland doesn't want the money, and thinks Apple complied with their taxation laws.
But it does mean the new US tax laws allows apple and many other US company to just bring the new money home right away and not have to funnel it through Ireland and out US country so the UE can never tax it, This is why the EU was in such a hurry to find Apple and other companies some how violate their laws so they could get their hands on the money before it left.
The US just put the screws to the EU, US companies no longer have to hide money off shore and it can come home to be put to use in the US.
I think you misunderstand what the new tax law does. Something it does NOT is prevent foreign countries from taxing sales of Apple products in their countries. Apple would still owe corporate taxes on profits wherever they have retail operations AFAIK.
What is does allow Apple not to funnel all future over seas profits through the Irish entity, which the EU has sue to tax all those sales. The EU will only be able to tax those which originate out of Ireland and the balance of the income will move directly to the US out reach of the EU. This new lower US tax will hurt the EU in the end. There is not mistake about that. I not taking about the cash hoard, it the future income.
But it does mean the new US tax laws allows apple and many other US company to just bring the new money home right away and not have to funnel it through Ireland and out US country so the UE can never tax it, This is why the EU was in such a hurry to find Apple and other companies some how violate their laws so they could get their hands on the money before it left.
The US just put the screws to the EU, US companies no longer have to hide money off shore and it can come home to be put to use in the US.
I think you misunderstand what the new tax law does. Something it does NOT is prevent foreign countries from taxing sales of Apple products in their countries. Apple would still owe corporate taxes on profits wherever they have retail operations AFAIK.
What is does allow Apple not to funnel all future over seas profits through the Irish entity, which the EU has sue to tax all those sales. The EU will only be able to tax those which originate out of Ireland and the balance of the income will move directly to the US out reach of the EU. This new lower US tax will hurt the EU in the end. There is not mistake about that. I not taking about the cash hoard, it the future income.
I doubt that Apple would alter the way it operates, such that certain Irish subsidiaries no longer had distribution rights for Europe and Asia, in response to the recent U.S. tax law changes. If it changed the R&D funding agreements with those subsidiaries such that Apple (the parent corporation) got those distribution rights back, that would result in Apple having to pay a higher income tax rate on much of its foreign earnings (as they'd no longer, for tax accounting purposes, be foreign earnings).
With the Irish subsidiaries having the distribution rights, much of Apple's earnings resulting from sales outside the Americas (still) won't be taxed by the U.S. at the new 21% rate. Those earnings will continue to be taxed by Ireland to the extent Irish taxing policies dictate they are supposed to be. The way U.S. income taxes are applied to foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) under the new tax laws is a bit convoluted, so I won't try to make sense of it. But the end result is that Apple will have to pay considerably less than 21% on that (foreign) income, counting both what it has to pay to Ireland and what it has to pay to the United States (with the latter depending a great deal on the former).
Comments
Shall we take a peek at AI?
http://www.wired.co.uk/article/deep-tech-europe-hubs
Are US companies crushing EU companies by using EU groundwork?
Care to evaluate the power of EU cosmetics companies? Software companies like SAP? Automobile? Potential of EU unicorns?
But it does mean the new US tax laws allows apple and many other US company to just bring the new money home right away and not have to funnel it through Ireland and out US country so the UE can never tax it, This is why the EU was in such a hurry to find Apple and other companies some how violate their laws so they could get their hands on the money before it left.
The US just put the screws to the EU, US companies no longer have to hide money off shore and it can come home to be put to use in the US.
1. If you don’t know what socialism, capitalism, communism, fascism, or republicanism are, don’t reply. Holy fuck.
2. Im-FUCKING-plying the US doesn’t? Hilarious, kiddo.
Enjoy funding your commie shit when the US pulls out of NATO.
It’s cute you think that you get to say what is and isn’t the “proper” amount of tax. How about you go door to door and demand people give more. See how far that gets you.
98 posts and you’re still able to spew that shit? Fuck off back to AndroidCentral or Venezuela or wherever the fuck you came from.
I guess if your goal in life is to have the government take care of you this is all true. However, if you plan for your future, you will not care about these things. I am not at retirement age, but I can pretty much retire soon without any government assistance. Reason being, I was never told growing up that the government would take care of me in the future, I was actually told you better plan to take care of yourself.
However, things in the EU are not all rosy, I go to Canada all the time, and I listen to the local radio and They always talking about our messed up the health care system is and how the government every year under funds or some how waste money which causes people to have to wait to get basic care. As someone once told me, if you think you have problems now, wait to you see the solution the government comes up with.
Just like if you earned a wage all year and shifted the money to an offshore account before paying your taxes, it doesn't make you exempt because the money is "gone", it's still owed.
Universal standard incomes are now being looked at as a partial solution.
Even countries like Switzerland have their problems. By chance, I have three Swiss neighbours. None of them are happy with the situation in Switzerland. The most common complaint is that French workers take Swiss jobs working for half of what a Swiss person needs to survive. All my neighbours own property in my block but rent in Switzerland because buying in Switzerland is beyond their means. They plan to retire to Spain with very good pensions (by Spanish standards) but the Swiss government could be looking to adapt pensions to the cost of living where the pensioners live. My neighbours are not happy.
Of the three the lowest earner is earning the equivalent of around 6,000 euros a month. The cost of living means that seemingly high amount becomes a stretch in real terms.
Europe is still socialist and it was 40 years ago A LOT more socialist. Trends of the time, I guess.
What is does allow Apple not to funnel all future over seas profits through the Irish entity, which the EU has sue to tax all those sales. The EU will only be able to tax those which originate out of Ireland and the balance of the income will move directly to the US out reach of the EU. This new lower US tax will hurt the EU in the end. There is not mistake about that. I not taking about the cash hoard, it the future income.
With the Irish subsidiaries having the distribution rights, much of Apple's earnings resulting from sales outside the Americas (still) won't be taxed by the U.S. at the new 21% rate. Those earnings will continue to be taxed by Ireland to the extent Irish taxing policies dictate they are supposed to be. The way U.S. income taxes are applied to foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) under the new tax laws is a bit convoluted, so I won't try to make sense of it. But the end result is that Apple will have to pay considerably less than 21% on that (foreign) income, counting both what it has to pay to Ireland and what it has to pay to the United States (with the latter depending a great deal on the former).