Ireland plans what to buy first with Apple's $14 billion tax windfall
Now that the EU's ruling on Apple's back taxes in Ireland is final, the country's government says the $14 billion could be "transformational."
Apple's European headquarters, located in Cork, Ireland.
For a decade, Ireland has sided with Apple against the European Union and worked with it to protest that no laws or regulations were broken. Now that the EU has finally said tough, Apple has to pay up, Ireland is thinking well, what's done is done, and is rubbing its hands.
Ireland has good reason to be happy with this result, even if it disagreed with it. For alongside the $14 billion from Apple, the country already had a budget surplus of around $9.2 billion.
According to CNBC, Irish Finance Minister Jack discussed the surplus and Apple's taxes in a pre-election budget speech. Chambers cautioned that Ireland needed to choose carefully how to use the money, but said that it had "the capacity to be transformational."
"It is this government's view that we should utilize these revenues to address the known challenges that we face in housing, energy, water and transport infrastructure," said Chambers. "[It is] imperative [not to use it] for day-to-day expenditure or to narrow the tax base."
The country could, though, consider putting a few Euros into a farewell party EU antitrust chief Margrethe Vestager. At the start of her role with the EU, it was Vestager who pushed for Apple's tax deal to be changed, and now she's succeeded just as she is about to leave the job.
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Comments
$14 billions is around $2,800- per habitant.
Buy each one Irish person… an iPhone 16 Pro Max, charger, case, Watch, AirPods… or a MacBook…
Ireland does not want the money… so give it back to Apple…
Marketing tagline: “Ireland… the first full iPhonized country… thanks to the EU!”
Their choice, be a drunken poor British sailor who spent it all or big prosperous rich Viking who saved……
There is no bigger 'cartel' than the US. That is indisputable if you want to speak in those terms.
The bloc nature of the EU is the only thing that protects us from US overreach (even with the US 'lobby' doing all it can from the inside).
Unilateral, extraterritorial 'sanctions' are the order of the day from the US.
The EU isn't nearly as interested in that and is taking action over what happens on its turf. You should have no issue with that.
Especially seeing as what happens here is very likely to end up happening (to some degree) within the US anyway.
How about plan a Science and Technology Park with Apple, let see how to attract more technology companies and labs around the world.
It is not just for Apple, welcoming Google, MS, Nokia, Infineon, Ericsson, NXP, ASML whoever to join in, develop any kind of advance technology, 6G, semiconductor, software…etc.
Wish it become Apple EU HQ, and the most important technology development center in EU.
For the Ireland future and prosperity.🤞🏼
That is just a bonkers interpretation.
Not bunkers companies are mere clearing houses. They don’t pay any taxes, the Hudson Bay Company, never paid any taxes in their entire history of existence. Companies just merely pass it (tax,fee,fine) on to the plebs, serfs the customers a line item in a company ledger.
That $14 billion fine that Apple supposedly paid has already been absorbed years ago into the inner workings of the Apple Computer clearinghouse spread out among all the tendrils of the company apparatus, who paid the surf/peasant/customer in short the citizen/customer at the bottom.
https://en.wikipedia.org/wiki/Clearing_house_(finance) A tax/expense will never be pend on to a company. (but it will be pend/passed on to a peasant/individual/customer)