Good. Apple has been avoiding these taxes using a sophisticated and perhaps dubious tax loophole that an ordinary Irish pub can't use. Let's hope that the EU forces Apple to play by the same rules as that little pub.
Those claiming this is "ex post facto law" are forgetting that Apple's agreement was with Ireland. This tax decision is coming from the EU itself and most of the money involved came from European sales not Irish ones.
Yet the apparent command is that Ireland collect the tax as a retrieval of their "support". 'European' isn't getting anything out of it.
Good to know that you are convinced that Sweden just left the EU. This explains it all.
Btw, companies do pay the corporate tax. There is never a direct link between a product selling price and and the corporate tax level a company pays, so the consumer does not pay the corporate tax. Of course the buyer of a productis contributing to the profits of the selling company, but the taxes on the profits are too much dependent on other factors: profit/loss of other products, acquisitions, write-offs, ... A company can never anticipate the tax on profits by increasing the selling price of its products. It just does not know how much profit it will make, and there is also competitive pressure to keep the selling price as it is.
A quick poke showed they (Sweden) don't use the Euro, the Krona is listed as their currency, so some nuance might be involved. An EU member of some things but not others?
And there are quite a few who don't.
"
Friday, the European Commission released the results of its latest Eurobarometer survey carried out in Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania, and for the first time, Sweden. As in the past, the survey did not cover Denmark and the UK, which have opted out of the common currency.
While a majority of citizens in Romania (68 percent), Hungary (60 percent), Bulgaria (55 percent) and Croatia (53 percent) is in favor of introducing the euro, a majority of citizens in the other three countries -- Czech Republic (70 percent against), Sweden (66 percent) and Poland (53 percent) is against it. In all seven countries, most interviewees think they will personally manage to adapt to the euro as their new currency. There is a strong overall majority of 81 percent."
The EU a totally unelected body and waste of space ...what's the point of national election's when a unelected body sets the rules of country without approval of the people.
A quick poke showed they (Sweden) don't use the Euro, the Krona is listed as their currency, so some nuance might be involved. An EU member of some things but not others?
And there are quite a few who don't.
" Friday, the European Commission released the results of its latest Eurobarometer survey carried out in Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania, and for the first time, Sweden. As in the past, the survey did not cover Denmark and the UK, which have opted out of the common <a href="http://www.rttnews.com/2496204/majority-in-four-newer-eu-member-states-want-euro-survey.aspx#" id="user_itxthook1" style="background-image:none;border-color:transparent;border-style:none;display:inline;padding:0px;" target="_blank" name="user_itxthook1"><span id="user_itxthook1p" style="border:0px;display:inline;float:none;height:auto;margin:0px;padding:0px;white-space:nowrap;"><span id="user_itxthook1w" style="border-color:transparent transparent;border-style:none none solid;border-width:0px 0px 1px;color:rgb(0,153,0);display:inline;float:none;height:auto;margin:0px;padding:0px 0px 1px;text-decoration:underline;">currency</span>
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</span>
</a>
. While a majority of citizens in Romania (68 percent), Hungary (60 percent), Bulgaria (55 percent) and Croatia (53 percent) is in favor of introducing the euro, a majority of citizens in the other three countries -- Czech Republic (70 percent against), Sweden (66 percent) and Poland (53 percent) is against <a href="http://www.rttnews.com/2496204/majority-in-four-newer-eu-member-states-want-euro-survey.aspx#" id="user_itxthook2" style="background-image:none;border-color:transparent;border-style:none;display:inline;padding:0px;" target="_blank" name="user_itxthook2"><span id="user_itxthook2p" style="border:0px;display:inline;float:none;height:auto;margin:0px;padding:0px;white-space:nowrap;"><span id="user_itxthook2w" style="border-color:transparent transparent;border-style:none none solid;border-width:0px 0px 1px;color:rgb(0,153,0);display:inline;float:none;height:auto;margin:0px;padding:0px 0px 1px;text-decoration:underline;">it</span>
<img alt="icon1.png" id="user_itxthook2icon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" style="display:inline;float:none;margin:0px;padding:0px 0px 0px 4px;vertical-align:baseline;" name="user_itxthook2icon">
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. In all seven countries, most interviewees think they will personally manage to adapt to the euro as their new currency. There is a strong overall majority of 81 percent."
So what does this at all have to do with the fact that Apple is under investigation for tax "fraud"? The currency union that the Euro is about is only one of several parts of the EU. The tax issue has nothing to do with the euro. EU tax rules apply to all members of the EU, euro as well as non-euro countries...
Good to know that you are convinced that Sweden just left the EU. This explains it all.
Btw, companies do pay the corporate tax. There is never a direct link between a product selling price and and the corporate tax level a company pays, so the consumer does not pay the corporate tax. Of course the buyer of a productis contributing to the profits of the selling company, but the taxes on the profits are too much dependent on other factors: profit/loss of other products, acquisitions, write-offs, ... A company can never anticipate the tax on profits by increasing the selling price of its products. It just does not know how much profit it will make, and there is also competitive pressure to keep the selling price as it is.
Big deal, ok, Sweden is a member of the EU. It was more pertinent to note that it was not a member of the Euro. You missed the larger point of my post: unlike Ireland and Greece, Sweden is not a member of the Eurozone; it is that membership which makes the exit of either a Greece or Ireland exit problematic nearly impossible for the EU-18. The impact on the Euro of such a move my one of Eurozone states could be catastrophic, at least in the short run.
In any event, regarding the rest of your post, all you did was repeat my point that "It may vary from industry to industry depending on the factors that drive tax pass-through (and we do not have to get into it here), ...."
And, as I said, "In the macroeconomy, it's the consumer that pays both. .... you're living a delusional world if you think that firms are the ones ultimately paying taxes."
So when did the irish people agree to be in the EU ? - sure they do election's, but thats not the same as people agreeing to be apart of it ...in any elections voted by the people...
out of all the nations show me the ones that agreed ahead of time to be members via elections by there people and not some crooked members of political parties.
So when did the irish people agree to be in the EU ? - sure they do election's, but thats not the same as people agreeing to be apart of it ...in any elections voted by the people...
out of all the nations show me the ones that agreed ahead of time to be members via elections by there people and not some crooked members of political parties
So when did the irish people agree to be in the EU ? - sure they do election's, but thats not the same as people agreeing to be apart of it ...in any elections voted by the people...
out of all the nations show me the ones that agreed ahead of time to be members via elections by there people and not some crooked members of political parties
Ok since you ask for it. Sweden had an election in 1994 (November) whee the majority voted yes to be members of EU.
When: 13 november 1994
Votes yes: 52,3 %
Votes no: 46,8 %
Votes Blanks: 0,9 %
Turnout of voters: 83,3 %
Total number allowed to vote: 6 510 055
Ok so i make you right on those 2 countries...so am i right not all members state gave there people the right to vote to join ...? also whats the difference between the EU and EEC ? and i don't mean the name ...why the change in name ?
Ok so i make you right on those 2 countries...so am i right not all members state gave there people the right to vote to join ...? also whats the difference between the EU and EEC ? and i don't mean the name ...why the change in name ?
You are right, not all states gave their citizens right to vote. Germany, Italy, Spain, Greece, NL, Belgium and Portugal seems like they never had any public votes regarding membership. For the rest the following votes have been performed:
France
Expansion of the union
72-04-23
68,28%
31,72%
60,27%
Ok to extract union
Ireland
Membership in EU
72-05-10
83,10%
16,90%
70,88%
Yes to membership
Norway
Membership in EU
72-09-25
46,50%
53,50%
79,20%
No to EU, no membership
Denmark
Membership in EU
72-10-02
63,29%
36,71%
90,14%
Yes to membership
GB
Continuation of membership in EU
75-06-05
67,23%
32,77%
64,03%
Storbritannien kvarstår som medlemsland i Europeiska unionen.
Greenland
Continuation of membership in EU
82-02-23
47,00%
53,00%
74,90%
Territory leaves the union but remains a part of Denmark
Austria
Membership in EU
94-06-12
66,58%
33,42%
82,35%
Yes to membership
Finland
Membership in EU
94-10-16
56,88%
43,12%
70,40%
Yes to membership
Sweden
Membership in EU
94-11-13
52,30%
47,26%
83,32%
Yes to membership
Åland
Membership in EU
94-11-20
73,70%
26,30%
49,00%
Åland is included in Finland's membership
Norway
Membership in EU
94-11-28
47,80%
52,20%
89,00%
No to EU, no membership
Malta
Membership in EU
03-03-08
53,65%
46,35%
90,86%
Yes to membership
Slovenia
Membership in EU
03-03-23
89,61%
10,39%
60,29%
Yes to membership
Hungary
Membership in EU
03-04-12
83,75%
16,25%
45,62%
Yes to membership
Lithuania
Membership in EU
03-05-11
90,97%
9,03%
55,92%
Yes to membership
Slovakia
Membership in EU
03-05-17
93,46%
6,20%
52,15%
Yes to membership
Poland
Membership in EU
03-06-08
77,45%
22,55%
58,85%
Yes to membership
Tjeckia
Membership in EU
03-06-14
77,33%
22,67%
55,21%
Yes to membership
Estonia
Membership in EU
03-09-14
66,83%
33,17%
64,06%
Yes to membership
Lattvia
Membership in EU
03-09-20
67,00%
32,30%
72,50%
Yes to membership
Croatia
Membership in EU
12-01-22
66,67%
33,33%
43,51%
Yes to membership
San Marino
Membership in EU
13-10-20
50,28%
49,72%
43,39%
Too few votes to be recognized as a valid result. No membership
EEC was the original community. The union is a later construction with ambitions to be more federal. The EEC was mainly for trade (The idea after WW2 was that trade = peace.). The EU have common laws in a number of areas. There is an elected parliament and a "government" assigned by the different member state's parliaments. There is also a common market both for trade and labour where any EU citizen has an automatic work permit in all EU countries. There is also a number of other initiatives like the Schengen agreement where EU and a few neighbor countries form a zone where border control is only between Schengen and non-schengen. Inside schengen no passport (in theory) is required. There is off course also the Euro zone where Germany is the leader paying for many of the other members. The whole idea is that member countries have to apply to certain rules where for example the budget must be in balance. This is what the southern EU countries ignored. The bored money for consumption and now there is a major crisis in at least Greece and Spain with mass unemployment. EU (not the Euro club) is still supporting Greece with new loans over and over again and many EN citizens would like greece to leave both the EU and the Euro since they don't want to do their part of the financial cleanup of the green economy. Instead they are claiming money from the rest of EU. Also they want to sue Germany (70 years after the WW2 end) for war crimes and get a huge amount of money. Germany claims that the war debt was settled many many years ago.
You are right, not all states gave their citizens right to vote. Germany, Italy, Spain, Greece, NL, Belgium and Portugal seems like they never had any public votes regarding membership. For the rest the following votes have been performed:
France
Expansion of the union
72-04-23
68,28%
31,72%
60,27%
Ok to extract union
Ireland
Membership in EU
72-05-10
83,10%
16,90%
70,88%
Yes to membership
Norway
Membership in EU
72-09-25
46,50%
53,50%
79,20%
No to EU, no membership
Denmark
Membership in EU
72-10-02
63,29%
36,71%
90,14%
Yes to membership
GB
Continuation of membership in EU
75-06-05
67,23%
32,77%
64,03%
Storbritannien kvarstår som medlemsland i Europeiska unionen.
Greenland
Continuation of membership in EU
82-02-23
47,00%
53,00%
74,90%
Territory leaves the union but remains a part of Denmark
Austria
Membership in EU
94-06-12
66,58%
33,42%
82,35%
Yes to membership
Finland
Membership in EU
94-10-16
56,88%
43,12%
70,40%
Yes to membership
Sweden
Membership in EU
94-11-13
52,30%
47,26%
83,32%
Yes to membership
Åland
Membership in EU
94-11-20
73,70%
26,30%
49,00%
Åland is included in Finland's membership
Norway
Membership in EU
94-11-28
47,80%
52,20%
89,00%
No to EU, no membership
Malta
Membership in EU
03-03-08
53,65%
46,35%
90,86%
Yes to membership
Slovenia
Membership in EU
03-03-23
89,61%
10,39%
60,29%
Yes to membership
Hungary
Membership in EU
03-04-12
83,75%
16,25%
45,62%
Yes to membership
Lithuania
Membership in EU
03-05-11
90,97%
9,03%
55,92%
Yes to membership
Slovakia
Membership in EU
03-05-17
93,46%
6,20%
52,15%
Yes to membership
Poland
Membership in EU
03-06-08
77,45%
22,55%
58,85%
Yes to membership
Tjeckia
Membership in EU
03-06-14
77,33%
22,67%
55,21%
Yes to membership
Estonia
Membership in EU
03-09-14
66,83%
33,17%
64,06%
Yes to membership
Lattvia
Membership in EU
03-09-20
67,00%
32,30%
72,50%
Yes to membership
Croatia
Membership in EU
12-01-22
66,67%
33,33%
43,51%
Yes to membership
San Marino
Membership in EU
13-10-20
50,28%
49,72%
43,39%
Too few votes to be recognized as a valid result. No membership
EEC was the original community. The union is a later construction with ambitions to be more federal. The EEC was mainly for trade (The idea after WW2 was that trade = peace.). The EU have common laws in a number of areas. There is an elected parliament and a "government" assigned by the different member state's parliaments. There is also a common market both for trade and labour where any EU citizen has an automatic work permit in all EU countries. There is also a number of other initiatives like the Schengen agreement where EU and a few neighbor countries form a zone where border control is only between Schengen and non-schengen. Inside schengen no passport (in theory) is required. There is off course also the Euro zone where Germany is the leader paying for many of the other members. The whole idea is that member countries have to apply to certain rules where for example the budget must be in balance. This is what the southern EU countries ignored. The bored money for consumption and now there is a major crisis in at least Greece and Spain with mass unemployment. EU (not the Euro club) is still supporting Greece with new loans over and over again and many EN citizens would like greece to leave both the EU and the Euro since they don't want to do their part of the financial cleanup of the green economy. Instead they are claiming money from the rest of EU. Also they want to sue Germany (70 years after the WW2 end) for war crimes and get a huge amount of money. Germany claims that the war debt was settled many many years ago.
So people joined up for the EEC which was more about trade deals and it turns into the EU which is more about Federal and Laws....i wonder how many members people want to stay in...clearly in ireland they want out.
So people joined up for the EEC which was more about trade deals and it turns into the EU which is more about Federal and Laws....i wonder how many members people want to stay in...clearly in ireland they want out.
I'm not sure Irish people want to leave EU. They had a vote of treaty of Lisbon first in 2008 where they said ni to the new "constitution". A year later the Irish voted again on the Lisbon Treaty on 2 October 2009. The vote was 67.1% in favour of the treaty. The content of the treaty: http://en.m.wikipedia.org/wiki/Treaty_of_Lisbon
Big deal, ok, Sweden is a member of the EU. It was more pertinent to note that it was not a member of the Euro. You missed the larger point of my post: unlike Ireland and Greece, Sweden is not a member of the Eurozone; it is that membership which makes the exit of either a Greece or Ireland exit problematic nearly impossible for the EU-18. The impact on the Euro of such a move my one of Eurozone states could be catastrophic, at least in the short run.
In any event, regarding the rest of your post, all you did was repeat my point that "It may vary from industry to industry depending on the factors that drive tax pass-through (and we do not have to get into it here), ...."
And, as I said, "In the macroeconomy, it's the consumer that pays both. .... you're living a delusional world if you think that firms are the ones ultimately paying taxes."
In a way, artificial people, like corporations, don't pay anything, it always comes down to people, ultimately. So there is an argument to abolish corporate taxes globally. But for now, they exist and schemes like the double Irish are tax avoidance (no one is accusing Apple of fraud).
But you are wrong about the implication of corporate tax on the behaviour of a corporation. They do not increase price of their products because in a market economy, companies are price takers, they charge as much as they can charge. In the case of Apple, their prices are high, look at their sales margin.
Instead, a higher cost base reduces the number of products that can be sold at a given price. So higher taxes result in fewer sales, not higher price.
So what does this at all have to do with the fact that Apple is under investigation for tax "fraud"? The currency union that the Euro is about is only one of several parts of the EU. The tax issue has nothing to do with the euro. EU tax rules apply to all members of the EU, euro as well as non-euro countries...
Note the included text box to whom I was responding?
Funny how this is turning into a debate on the EU, not on Apple's sham..
Apple quite above board negotiated an agreement with the sovereign (sort of) nation of Ireland. Doesn't really fit the "sham" pejorative. Ireland made an informed decision which the EU authorities are taking issue with.
^ Ireland made a tax deal that it wasn't really allowed to make in order to encourage manufacturing jobs into the country, which Apple then leveraged to bleed into Ireland intellectual property revenues that should logically have gone to the USA, and corporation tax that should have gone to local Apple subsidiaries across Europe and other parts of the world. From that they were able to pay almost no tax on a large part of their worldwide operations. Of course that's a sham.
"made a tax deal that it wasn't really allowed to make", of course it was "allowed" to make the deal, it's been in place for about a decade! The EU is finally taking issue with it and that's being negotiated.
Hard to see where "sham" comes in where the entire thing has been a matter of record. The EU is judging the Ireland tax agreement with Apple as a subsidy by their current interpretation of their rules. Ireland, btw, disagrees.
There's no "of course" about it, that's why it's been in various courts and is continuing to be so.
Comments
Good. Apple has been avoiding these taxes using a sophisticated and perhaps dubious tax loophole that an ordinary Irish pub can't use. Let's hope that the EU forces Apple to play by the same rules as that little pub.
Those claiming this is "ex post facto law" are forgetting that Apple's agreement was with Ireland. This tax decision is coming from the EU itself and most of the money involved came from European sales not Irish ones.
Yet the apparent command is that Ireland collect the tax as a retrieval of their "support". 'European' isn't getting anything out of it.
Good to know that you are convinced that Sweden just left the EU. This explains it all.
Btw, companies do pay the corporate tax. There is never a direct link between a product selling price and and the corporate tax level a company pays, so the consumer does not pay the corporate tax. Of course the buyer of a productis contributing to the profits of the selling company, but the taxes on the profits are too much dependent on other factors: profit/loss of other products, acquisitions, write-offs, ... A company can never anticipate the tax on profits by increasing the selling price of its products. It just does not know how much profit it will make, and there is also competitive pressure to keep the selling price as it is.
A quick poke showed they (Sweden) don't use the Euro, the Krona is listed as their currency, so some nuance might be involved. An EU member of some things but not others?
And there are quite a few who don't.
"
Friday, the European Commission released the results of its latest Eurobarometer survey carried out in Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania, and for the first time, Sweden. As in the past, the survey did not cover Denmark and the UK, which have opted out of the common currency
.
While a majority of citizens in Romania (68 percent), Hungary (60 percent), Bulgaria (55 percent) and Croatia (53 percent) is in favor of introducing the euro, a majority of citizens in the other three countries -- Czech Republic (70 percent against), Sweden (66 percent) and Poland (53 percent) is against it
. In all seven countries, most interviewees think they will personally manage to adapt to the euro as their new currency. There is a strong overall majority of 81 percent."
The EU a totally unelected body and waste of space ...what's the point of national election's when a unelected body sets the rules of country without approval of the people.
Thanks for telling us you don't know anything about the EU.
Good to know that you are convinced that Sweden just left the EU. This explains it all.
Btw, companies do pay the corporate tax. There is never a direct link between a product selling price and and the corporate tax level a company pays, so the consumer does not pay the corporate tax. Of course the buyer of a productis contributing to the profits of the selling company, but the taxes on the profits are too much dependent on other factors: profit/loss of other products, acquisitions, write-offs, ... A company can never anticipate the tax on profits by increasing the selling price of its products. It just does not know how much profit it will make, and there is also competitive pressure to keep the selling price as it is.
Big deal, ok, Sweden is a member of the EU. It was more pertinent to note that it was not a member of the Euro. You missed the larger point of my post: unlike Ireland and Greece, Sweden is not a member of the Eurozone; it is that membership which makes the exit of either a Greece or Ireland exit problematic nearly impossible for the EU-18. The impact on the Euro of such a move my one of Eurozone states could be catastrophic, at least in the short run.
In any event, regarding the rest of your post, all you did was repeat my point that "It may vary from industry to industry depending on the factors that drive tax pass-through (and we do not have to get into it here), ...."
And, as I said, "In the macroeconomy, it's the consumer that pays both. .... you're living a delusional world if you think that firms are the ones ultimately paying taxes."
So when did the irish people agree to be in the EU ? - sure they do election's, but thats not the same as people agreeing to be apart of it ...in any elections voted by the people...
out of all the nations show me the ones that agreed ahead of time to be members via elections by there people and not some crooked members of political parties.
Thanks for telling us you don't know anything about the EU.
So when did the irish people agree to be in the EU ? - sure they do election's, but thats not the same as people agreeing to be apart of it ...in any elections voted by the people...
out of all the nations show me the ones that agreed ahead of time to be members via elections by there people and not some crooked members of political parties
Ok since you ask for it. Sweden had an election in 1994 (November) whee the majority voted yes to be members of EU.
When: 13 november 1994
Votes yes: 52,3 %
Votes no: 46,8 %
Votes Blanks: 0,9 %
Turnout of voters: 83,3 %
Total number allowed to vote: 6 510 055
Ireland had a vote in membership to EU's predecessor EEC in 1972. It was a majority (82%) voting yes. See the link for more information: http://ec.europa.eu/ireland/ireland_in_the_eu/index1_en.htm
Ok since you ask for it. Sweden had an election in 1994 (November) whee the majority voted yes to be members of EU.
When: 13 november 1994
Votes yes: 52,3 %
Votes no: 46,8 %
Votes Blanks: 0,9 %
Turnout of voters: 83,3 %
Total number allowed to vote: 6 510 055
Ireland had a vote in membership to EU's predecessor EEC in 1972. It was a majority (82%) voting yes. See the link for more information: http://ec.europa.eu/ireland/ireland_in_the_eu/index1_en.htm
Ok so i make you right on those 2 countries...so am i right not all members state gave there people the right to vote to join ...? also whats the difference between the EU and EEC ? and i don't mean the name ...why the change in name ?
Ok so i make you right on those 2 countries...so am i right not all members state gave there people the right to vote to join ...? also whats the difference between the EU and EEC ? and i don't mean the name ...why the change in name ?
You are right, not all states gave their citizens right to vote. Germany, Italy, Spain, Greece, NL, Belgium and Portugal seems like they never had any public votes regarding membership. For the rest the following votes have been performed:
EEC was the original community. The union is a later construction with ambitions to be more federal. The EEC was mainly for trade (The idea after WW2 was that trade = peace.). The EU have common laws in a number of areas. There is an elected parliament and a "government" assigned by the different member state's parliaments. There is also a common market both for trade and labour where any EU citizen has an automatic work permit in all EU countries. There is also a number of other initiatives like the Schengen agreement where EU and a few neighbor countries form a zone where border control is only between Schengen and non-schengen. Inside schengen no passport (in theory) is required. There is off course also the Euro zone where Germany is the leader paying for many of the other members. The whole idea is that member countries have to apply to certain rules where for example the budget must be in balance. This is what the southern EU countries ignored. The bored money for consumption and now there is a major crisis in at least Greece and Spain with mass unemployment. EU (not the Euro club) is still supporting Greece with new loans over and over again and many EN citizens would like greece to leave both the EU and the Euro since they don't want to do their part of the financial cleanup of the green economy. Instead they are claiming money from the rest of EU. Also they want to sue Germany (70 years after the WW2 end) for war crimes and get a huge amount of money. Germany claims that the war debt was settled many many years ago.
You are right, not all states gave their citizens right to vote. Germany, Italy, Spain, Greece, NL, Belgium and Portugal seems like they never had any public votes regarding membership. For the rest the following votes have been performed:
EEC was the original community. The union is a later construction with ambitions to be more federal. The EEC was mainly for trade (The idea after WW2 was that trade = peace.). The EU have common laws in a number of areas. There is an elected parliament and a "government" assigned by the different member state's parliaments. There is also a common market both for trade and labour where any EU citizen has an automatic work permit in all EU countries. There is also a number of other initiatives like the Schengen agreement where EU and a few neighbor countries form a zone where border control is only between Schengen and non-schengen. Inside schengen no passport (in theory) is required. There is off course also the Euro zone where Germany is the leader paying for many of the other members. The whole idea is that member countries have to apply to certain rules where for example the budget must be in balance. This is what the southern EU countries ignored. The bored money for consumption and now there is a major crisis in at least Greece and Spain with mass unemployment. EU (not the Euro club) is still supporting Greece with new loans over and over again and many EN citizens would like greece to leave both the EU and the Euro since they don't want to do their part of the financial cleanup of the green economy. Instead they are claiming money from the rest of EU. Also they want to sue Germany (70 years after the WW2 end) for war crimes and get a huge amount of money. Germany claims that the war debt was settled many many years ago.
So people joined up for the EEC which was more about trade deals and it turns into the EU which is more about Federal and Laws....i wonder how many members people want to stay in...clearly in ireland they want out.
Funny how this is turning into a debate on the EU, not on Apple's sham..
In a way, artificial people, like corporations, don't pay anything, it always comes down to people, ultimately. So there is an argument to abolish corporate taxes globally. But for now, they exist and schemes like the double Irish are tax avoidance (no one is accusing Apple of fraud).
But you are wrong about the implication of corporate tax on the behaviour of a corporation. They do not increase price of their products because in a market economy, companies are price takers, they charge as much as they can charge. In the case of Apple, their prices are high, look at their sales margin.
Instead, a higher cost base reduces the number of products that can be sold at a given price. So higher taxes result in fewer sales, not higher price.
clearly in ireland they want out.
What are you basing that on?
So what does this at all have to do with the fact that Apple is under investigation for tax "fraud"? The currency union that the Euro is about is only one of several parts of the EU. The tax issue has nothing to do with the euro. EU tax rules apply to all members of the EU, euro as well as non-euro countries...
Note the included text box to whom I was responding?
Hope that helps.
Funny how this is turning into a debate on the EU, not on Apple's sham..
Apple quite above board negotiated an agreement with the sovereign (sort of) nation of Ireland. Doesn't really fit the "sham" pejorative. Ireland made an informed decision which the EU authorities are taking issue with.
^ Ireland made a tax deal that it wasn't really allowed to make in order to encourage manufacturing jobs into the country, which Apple then leveraged to bleed into Ireland intellectual property revenues that should logically have gone to the USA, and corporation tax that should have gone to local Apple subsidiaries across Europe and other parts of the world. From that they were able to pay almost no tax on a large part of their worldwide operations. Of course that's a sham.
"made a tax deal that it wasn't really allowed to make", of course it was "allowed" to make the deal, it's been in place for about a decade! The EU is finally taking issue with it and that's being negotiated.
Hard to see where "sham" comes in where the entire thing has been a matter of record. The EU is judging the Ireland tax agreement with Apple as a subsidy by their current interpretation of their rules. Ireland, btw, disagrees.
There's no "of course" about it, that's why it's been in various courts and is continuing to be so.