Ireland could face fine for dragging heels on back taxes from Apple

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Comments

  • Reply 21 of 23
    copelandcopeland Posts: 298member
    mytdave said:
    ... but apparently "open" to any corporation (if true), so therefore legal. ...
    Well I wouldn't call it "open to any corporation" as it was a secret deal with Apple and Ireland refusing to tell the details as long as the could and were legally forced to do so.
    singularity
  • Reply 22 of 23
    gatorguygatorguy Posts: 24,084member
    The EU made it official today. They are taking Ireland to court for failing to comply with the tax order.
    https://uk.reuters.com/article/uk-eu-apple-taxavoidance/eu-takes-ireland-to-eu-court-over-13-billion-euro-apple-tax-bill-idUKKCN1C913B?il=0

    On a very-related and interesting note the EU Commission has also ordered Amazon to pay upwards of $300 million for taxes that should have paid to Luxembourg, claiming just as in the Apple case that they benefited from illegal state aid, and by similar means thru creative transfer pricing, IP royalties, and funneled thru untaxable entities. Amazon's response should sound familiar: it believes it did not receive any special treatment from Luxembourg and that it paid tax in "full accordance with both Luxembourg and international tax law."

    "We will study the Commission's ruling and consider our legal options, including an appeal" the firm said in a statement.

    https://www.cnbc.com/2017/10/04/amazon-eu-tax-bill-luxembourg-deal.html
    edited October 2017
  • Reply 23 of 23
    analogjackanalogjack Posts: 1,073member
    Tim is simply waiting for the tax rate in the US to be lowered otherwise there would be no problem. Is this cynical and perhaps immoral? I'll leave that for the reader to decide.

    The money in question is on profits made in Europe so even if the rate goes down in the US, the money would still stay in Europe.
    That has not been determined. https://www.ped30.com/2016/09/04/apple-ec-0005-taxes/ the comments in this post are worth reading too.

    Here's what Tim has to say https://www.ped30.com/2016/08/30/apple-taxes-tim-cook-response/
    edited October 2017
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