Its pathetic how all these euro's are chomping at the bit to get some welfare from Apple.
So pathetic.
Says a guy living in the worlds wealthiest country in a state that incarcerates 1000 people per 100,000 of population to a guy living in a country that incarcerates only 82. Perhaps if you spent a bit more on welfare and assistance for the disadvantaged you wouldn't have 20% of the worlds prison population from just 5% of the worlds population.
In a list of the worlds 10 most livable cites, none are in the US, but 3 are in the EU.
In life expectancy, you are 26th. 18 of the countries with a greater life expectancy than the US are in the EU, 19 if you want to count Switzerland.
Ranked by happiness, the US is 15th.
So 8, if you include Switzerland, of the countries ahead of the US in this metric are in the EU.
Now looking at expenditure on social welfare, which you seem to imply as a European proclivity and a bad thing:
(edited for clarity 2014)
Looks like you were right, EU countries do spend more on social welfare than the US, but when you look at 'life' in the EU vs the US, it's impossible to draw a conclusion that the EU is worse off as a result of that expenditure, to put it mildly.
Once again, all you and the 'close' cousin can think of is the money and that all this is about the money, because all we care about in the EU is the money. From my perspective this is about the righting of on inequity.
Sure, all those US companies are going to pull out of a market comprising over 500 million people and are then going to have to pay substantial import duties because of no longer being in the EU. That is not going to happen.
Apple still has Singapore so there may still backdoor left open there. That may become the new "Ireland". BTW, Apple lost the claim to being "Stateless" for tax purposes in Ireland last year, so they can no longer avoid the Irish.
Being based in Singapore isn't going to get Apple products and services into the EU market without having to pay import duties.
The EU has branded Apple's tax deal with Ireland "illegal".
The
ruling from the European Commission which is to be made public in the
coming days is expected to put pressure on the Revenue Commissioners
here to pursue Apple for back taxes.
However, it is
reported that the money would be held in an escrow bank account while
appeals are made by both the Irish Government and Apple.
The European Commission considers the tax deal illegal state aid.
Irish
Government officials are on standby to appeal the negative finding and
Fianna Fáil is ready to back such an appeal, but it remains to be seen
if members of the Independent Alliance will follow suit.
The Irish Independent reports that these TDs will be given a special briefing before the ruling is announced.
If
the EU rules that Apple was given a "sweetheart deal" the US firm will
be required to repay billions in back taxes to the Irish state.
Fiscal rules dictate that a windfall payment would need to be used to repay public debt.
The EU has branded Apple's tax deal with Ireland "illegal".
The
ruling from the European Commission which is to be made public in the
coming days is expected to put pressure on the Revenue Commissioners
here to pursue Apple for back taxes.
However, it is
reported that the money would be held in an escrow bank account while
appeals are made by both the Irish Government and Apple.
The European Commission considers the tax deal illegal state aid.
Irish
Government officials are on standby to appeal the negative finding and
Fianna Fáil is ready to back such an appeal, but it remains to be seen
if members of the Independent Alliance will follow suit.
The Irish Independent reports that these TDs will be given a special briefing before the ruling is announced.
If
the EU rules that Apple was given a "sweetheart deal" the US firm will
be required to repay billions in back taxes to the Irish state.
Fiscal rules dictate that a windfall payment would need to be used to repay public debt.
The article seems very confident of what the Commission report will contain.
If that's accurate then to me it would appear the Irish government does not have the best interests of it's common citizen's at heart. Any taxes recovered are required to go towards reducing the public debt which would benefit every Irish citizen wouldn't it? I don't see how it benefits the average family if the powers that be come down on the side of massively profitable multi-nationals instead. At to be clear Apple is only one of probably a few with some "special" arrangement\ so I'm not singling Apple out.
Its pathetic how all these euro's are chomping at the bit to get some welfare from Apple.
So pathetic.
Says a guy living in the worlds wealthiest country in a state that incarcerates 1000 people per 100,000 of population to a guy living in a country that incarcerates only 82. Perhaps if you spent a bit more on welfare and assistance for the disadvantaged you wouldn't have 20% of the worlds prison population from just 5% of the worlds population.
In a list of the worlds 10 most livable cites, none are in the US, but 3 are in the EU.
In life expectancy, you are 26th. 18 of the countries with a greater life expectancy than the US are in the EU, 19 if you want to count Switzerland.
Ranked by happiness, the US is 15th.
So 8, if you include Switzerland, of the countries ahead of the US in this metric are in the EU.
Now looking at expenditure on social welfare, which you seem to imply as a European proclivity and a bad thing:
(edited for clarity 2014)
Looks like you were right, EU countries do spend more on social welfare than the US, but when you look at 'life' in the EU vs the US, it's impossible to draw a conclusion that the EU is worse off as a result of that expenditure, to put it mildly.
Once again, all you and the 'close' cousin can think of is the money and that all this is about the money, because all we care about in the EU is the money. From my perspective this is about the righting of on inequity.
In your second graph the Social Support (indicated by orange) the U.S. has as much as your top country. I agree the U.S. could very well cut down on military spending and increase Social Support even higher and this could be a net positive. There's no need to raise taxes to do that, or leach off of the success of a company like Apple to make that happen.
Sure, all those US companies are going to pull out of a market comprising over 500 million people and are then going to have to pay substantial import duties because of no longer being in the EU. That is not going to happen.
Apple still has Singapore so there may still backdoor left open there. That may become the new "Ireland". BTW, Apple lost the claim to being "Stateless" for tax purposes in Ireland last year, so they can no longer avoid the Irish.
Being based in Singapore isn't going to get Apple products and services into the EU market without having to pay import duties.
You and Trump use very similar tools
I use facts and he doesn't, so no we don't.
Threats of tariffs are the tool of intimidation Trump uses
The EU has branded Apple's tax deal with Ireland "illegal".
The
ruling from the European Commission which is to be made public in the
coming days is expected to put pressure on the Revenue Commissioners
here to pursue Apple for back taxes.
However, it is
reported that the money would be held in an escrow bank account while
appeals are made by both the Irish Government and Apple.
The European Commission considers the tax deal illegal state aid.
Irish
Government officials are on standby to appeal the negative finding and
Fianna Fáil is ready to back such an appeal, but it remains to be seen
if members of the Independent Alliance will follow suit.
The Irish Independent reports that these TDs will be given a special briefing before the ruling is announced.
If
the EU rules that Apple was given a "sweetheart deal" the US firm will
be required to repay billions in back taxes to the Irish state.
Fiscal rules dictate that a windfall payment would need to be used to repay public debt.
The article seems very confident of what the Commission report will contain.
If that's accurate then to me it would appear the Irish government does not have the best interests of it's common citizen's at heart. Any taxes recovered are required to go towards reducing the public debt which would benefit every Irish citizen wouldn't it? I don't see how it benefits the average family if the powers that be come down on the side of massively profitable multi-nationals instead.
I couldn't agree more. I do suspect, though, that what they say publicly and think privately are probably poles apart.
Apple leave the EU because of tax? No chance. Anyone suggesting that surely doesn't understand how tax works and why Apple have an incorporated base in the EU in the first place.
Because the negotiations to revise the corporate tax code to fit business in a global economy are still happening and will favor Apple once implemented. They'll likely pay only a minimal sales tax kind of thing to you gents wearing Capri pants and the rest will be taxed only from the companies home country. There may not even be a need to incorporate internationally once these treaties or agreements or laws are signed.
Cue revision to every international trade agreement to slap down import taxes. And there are no international corporate tax code negotiations that are going to affect national sales taxes.
I don't wear capri pants or receive any sales tax. Weird reference.
I did not say a change in corporate tax codes would affect national sales tax. I said only that your EU member countries will only be able to collect sales tax in the future... Which Sog says will help get you your welfare checks, and will allow a good majority of Euro men to buy those Capri pants they love to wear. You may not wear them in practice, maybe only in spirit. I've been to Europe a few times and boy do they love the Capri pants!
Sure, all those US companies are going to pull out of a market comprising over 500 million people and are then going to have to pay substantial import duties because of no longer being in the EU. That is not going to happen.
Apple still has Singapore so there may still backdoor left open there. That may become the new "Ireland". BTW, Apple lost the claim to being "Stateless" for tax purposes in Ireland last year, so they can no longer avoid the Irish.
Being based in Singapore isn't going to get Apple products and services into the EU market without having to pay import duties.
You and Trump use very similar tools
I use facts and he doesn't, so no we don't.
Threats of tariffs are the tool of intimidation Trump uses
You don't make sense. These tarifs exist now, they wouldn't be created. If a company chooses to to leave the EU and then has to pay the tarifs, that would be up to them and not because of any threats by anyone. If I were to tell you that you might be hit by a car if you choose to cross a busy road wearing a blindfold, that is not a threat by me.
So a little over a $B due? Pocket change. Ireland may fight it anyway but not because Apple is at all harmed.
Latest reports are that it will be billions:
The European Commission will in the morning find that Apple owes the Irish state “billions of euros” in back taxes when it rules that the technology giant’s tax arrangements in Ireland constituted a form of illegal state aid.
The ruling, to be announced in Brussels on Tuesday
morning, will not stipulate a figure for the amount of tax owed, but
will lay out a process and a formula by which the unpaid tax should be
calculated.
It is expected that an indicative figure will be
supplied by the Commission later in the day. Sources who have been
briefed on the matter say the amount of tax Apple will owe will be in
the billions, rather than the hundreds of millions of euros that Dublin
had hoped for.
So a little over a $B due? Pocket change. Ireland may fight it anyway but not because Apple is at all harmed.
Latest reports are that it will be billions:
The European Commission will in the morning find that Apple owes the Irish state “billions of euros” in back taxes when it rules that the technology giant’s tax arrangements in Ireland constituted a form of illegal state aid.
The ruling, to be announced in Brussels on Tuesday
morning, will not stipulate a figure for the amount of tax owed, but
will lay out a process and a formula by which the unpaid tax should be
calculated.
It is expected that an indicative figure will be
supplied by the Commission later in the day. Sources who have been
briefed on the matter say the amount of tax Apple will owe will be in
the billions, rather than the hundreds of millions of euros that Dublin
had hoped for.
Sure, all those US companies are going to pull out of a market comprising over 500 million people and are then going to have to pay substantial import duties because of no longer being in the EU. That is not going to happen.
Apple still has Singapore so there may still backdoor left open there. That may become the new "Ireland". BTW, Apple lost the claim to being "Stateless" for tax purposes in Ireland last year, so they can no longer avoid the Irish.
Being based in Singapore isn't going to get Apple products and services into the EU market without having to pay import duties.
You and Trump use very similar tools
I use facts and he doesn't, so no we don't.
Threats of tariffs are the tool of intimidation Trump uses
You don't make sense. These tarifs exist now, they wouldn't be created. If a company chooses to to leave the EU and then has to pay the tarifs, that would be up to them and not because of any threats by anyone. If I were to tell you that you might be hit by a car if you choose to cross a busy road wearing a blindfold, that is not a threat by me.
Trump threatened Apple to apply tariff's unless it manufactures here in the U.S. I did not say Apple would leave the EU like others have said they will. Given my position which should be absolutely clear now it sounded like you were advocating adding tariffs.
So a little over a $B due? Pocket change. Ireland may fight it anyway but not because Apple is at all harmed.
Latest reports are that it will be billions:
The European Commission will in the morning find that Apple owes the Irish state “billions of euros” in back taxes when it rules that the technology giant’s tax arrangements in Ireland constituted a form of illegal state aid.
The ruling, to be announced in Brussels on Tuesday
morning, will not stipulate a figure for the amount of tax owed, but
will lay out a process and a formula by which the unpaid tax should be
calculated.
It is expected that an indicative figure will be
supplied by the Commission later in the day. Sources who have been
briefed on the matter say the amount of tax Apple will owe will be in
the billions, rather than the hundreds of millions of euros that Dublin
had hoped for.
So a little over a $B due? Pocket change. Ireland may fight it anyway but not because Apple is at all harmed.
Latest reports are that it will be billions:
The European Commission will in the morning find that Apple owes the Irish state “billions of euros” in back taxes when it rules that the technology giant’s tax arrangements in Ireland constituted a form of illegal state aid.
The ruling, to be announced in Brussels on Tuesday
morning, will not stipulate a figure for the amount of tax owed, but
will lay out a process and a formula by which the unpaid tax should be
calculated.
It is expected that an indicative figure will be
supplied by the Commission later in the day. Sources who have been
briefed on the matter say the amount of tax Apple will owe will be in
the billions, rather than the hundreds of millions of euros that Dublin
had hoped for.
Apple leave the EU because of tax? No chance. Anyone suggesting that surely doesn't understand how tax works and why Apple have an incorporated base in the EU in the first place.
Because the negotiations to revise the corporate tax code to fit business in a global economy are still happening and will favor Apple once implemented. They'll likely pay only a minimal sales tax kind of thing to you gents wearing Capri pants and the rest will be taxed only from the companies home country. There may not even be a need to incorporate internationally once these treaties or agreements or laws are signed.
Cue revision to every international trade agreement to slap down import taxes. And there are no international corporate tax code negotiations that are going to affect national sales taxes.
I don't wear capri pants or receive any sales tax. Weird reference.
I did not say a change in corporate tax codes would affect national sales tax. I said only that your EU member countries will only be able to collect sales tax in the future... Which Sog says will help get you your welfare checks, and will allow a good majority of Euro men to buy those Capri pants they love to wear. You may not wear them in practice, maybe only in spirit. I've been to Europe a few times and boy do they love the Capri pants!
You distinctly said "minimal" sales tax, implying that there would be some kind of lowering, for some reason. There won't be, and sales tax is fairly high in some places in the EU (23% in Ireland, higher than the corporation tax rate, and a damn sight higher than the rate Apple have been enjoying)
Also, while tax systems are changing (when are they not?), you're painting a fiction. The world of corporation tax, offshore bases, and import/export taxes is not going away. Sorry sunshine.
What has welfare got to do with this? This is about tax collection. Capri pants even more so, you're just throwing nonsense into the fire. It ain't flammable dude.
I would think if this EU ruling is upheld, Apple would have an action against Ireland or any other country that offered tax incentives only to have the EU interfere. Ireland despite its EU membership has a lawful government and if Apple entered into a "good faith" tax arrangement which the EU now finds violates EU tax policy, Apple should not be punished for obtaining the best tax rate it could get.
The EU in my opinion will not survive in any event and a loose "European Confederation" will probably emerge in the next five years. Ireland, Great Britain ( Including Scotland) could well resurrect a "Commonwealth" trading block which worked very well prior to entry into the EU which it is now about to leave. Britain will over the next two years find many countries happy to offer fair trading arrangements with.
There is more at stake here than a few billion dollars. A lot of money, but overall, this may well add another nail to the demise of the European Union. Good Riddance.
US tax policy should change and allow apple to repatriate the billions of dollars it now holds offshore and bring it home. That is a win win for Apple and the USA.
Ireland, Great Britain ( Including Scotland) could well resurrect a "Commonwealth" trading block which worked very well prior to entry into the EU which it is now about to leave.
It didn't, which is why the UK entered the EU. The UK was seeing year after year decline in international trade as the rest of Europe formed a bloc and its industrial base was getting eroded and international trading were getting left behind. The days of imperial privilege are long gone, and the commonwealth has moved on economically to more regionalised arrangements.
The Republic of Ireland and the UK can't thrive by just trading with each other.
I would think if this EU ruling is upheld, Apple would have an action against Ireland or any other country that offered tax incentives only to have the EU interfere. Ireland despite its EU membership has a lawful government and if Apple entered into a "good faith" tax arrangement which the EU now finds violates EU tax policy, Apple should not be punished for obtaining the best tax rate it could get.
The EU in my opinion will not survive in any event and a loose "European Confederation" will probably emerge in the next five years. Ireland, Great Britain ( Including Scotland) could well resurrect a "Commonwealth" trading block which worked very well prior to entry into the EU which it is now about to leave. Britain will over the next two years find many countries happy to offer fair trading arrangements with.
There is more at stake here than a few billion dollars. A lot of money, but overall, this may well add another nail to the demise of the European Union. Good Riddance.
US tax policy should change and allow apple to repatriate the billions of dollars it now holds offshore and bring it home. That is a win win for Apple and the USA.
It would have to come back at under 12.5%. Otherwise Apple would be better off paying Ireland wouldn't they?
People really need to understand the US now has a national debt of $19.4 TRILLION. ( http://www.usdebtclock.org )
The debt has effectively doubled during Obama's term, something unprecedented in our history. On top of this, the labor force participation rate is the lowest it's been since 1978. More crushing debt and fewer people working to pay taxes is a very, very bad combination.
Thanks, Obama!
Ronald Reagan almost tripled the debt. GW Almost doubled the debt. This stuff is easy to look up for some.
The day Ronald Reagan was sworn in - the national debt was 934 billion. The day he left office the debt was 2.697 trillion. Almost TRIPLE. Bush 41 added over 80% and Bush 43 added 110%. The first year a President is in office the budget has already been set by the previous President.
Both Bush AND Obama managed to send the US well along the path to economic ruin. Did you actually read your linked story?
Yes, I did. It was a point of reference for you. Did you read what you posted? "The debt has effectively doubled during Obama's term, something unprecedented in our history."
unprecedented: something never done or known before
Yes, he and his "everything for free" Democrat-controlled House and Senate managed to double what was already an unprecedented amount of debt. It's easy to double something that is small. Doubling something mind-bogglingly large is much, much more difficult. And I also blame massive dipshits like Paul Krugman for promoting the idea that it is a requirement that governments spend recklessly in order to emerge from economic crises which were completely the fault of government in the first place.
Comments
In a list of the worlds 10 most livable cites, none are in the US, but 3 are in the EU.
In life expectancy, you are 26th. 18 of the countries with a greater life expectancy than the US are in the EU, 19 if you want to count Switzerland.
Ranked by happiness, the US is 15th.
So 8, if you include Switzerland, of the countries ahead of the US in this metric are in the EU.
Now looking at expenditure on social welfare, which you seem to imply as a European proclivity and a bad thing:
(edited for clarity 2014)
Looks like you were right, EU countries do spend more on social welfare than the US, but when you look at 'life' in the EU vs the US, it's impossible to draw a conclusion that the EU is worse off as a result of that expenditure, to put it mildly.
Once again, all you and the 'close' cousin can think of is the money and that all this is about the money, because all we care about in the EU is the money. From my perspective this is about the righting of on inequity.
http://www.irishexaminer.com/breakingnews/business/eu-brands-apples-tax-deal-with-ireland-illegal-751934.html
The article seems very confident of what the Commission report will contain.http://www.irishtimes.com/business/economy/eu-set-to-find-apple-owes-ireland-billions-in-back-taxes-1.2772178
Also, while tax systems are changing (when are they not?), you're painting a fiction. The world of corporation tax, offshore bases, and import/export taxes is not going away. Sorry sunshine.
What has welfare got to do with this? This is about tax collection. Capri pants even more so, you're just throwing nonsense into the fire. It ain't flammable dude.
Ireland despite its EU membership has a lawful government and if Apple entered into a "good faith" tax arrangement which the EU now finds violates EU tax policy,
Apple should not be punished for obtaining the best tax rate it could get.
The EU in my opinion will not survive in any event and a loose "European Confederation" will probably emerge in the next five years. Ireland, Great Britain ( Including Scotland) could well resurrect a "Commonwealth" trading block which worked very well prior to entry into the EU which it is now about to leave. Britain will over the next two years find many countries happy to offer fair trading arrangements with.
There is more at stake here than a few billion dollars. A lot of money, but overall, this may well add another nail to the demise of the European Union. Good Riddance.
US tax policy should change and allow apple to repatriate the billions of dollars it now holds offshore and bring it home. That is a win win for Apple and the USA.
The Republic of Ireland and the UK can't thrive by just trading with each other.