spheric

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spheric
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  • Apple must pay EU $14 billion over Ireland tax arrangement

    sphericspheric
    future man said:
    Advice to Ireland- withdraw from the EU!  From uncontrolled immigration and crime issues to economic dictation, the EU best served itself and its unelected bureaucrats than its member countries who have surrendered their sovereignty to Brussels! 
    The Irish are acutely aware of the shit-show that is post- Brexit UK, and very happy to remain part of the EU. 
    ronnmuthuk_vanalingamwatto_cobra

  • Apple must pay EU $14 billion over Ireland tax arrangement

    sphericspheric
    neillwd said:
    Okay I NEVER want to hear an EU citizen complaining about how much Apple products cost.
    Mostly, those complaints are bullshit anyway, since Europeans who complain about the price difference almost invariably forget that U.S. prices are ALWAYS listed without VAT.

    Once you subtract that, it's usually only about 5% or less — which gets us customers two years of mandatory warranty, and the employees a bunch of rights including employer's contribution to mandatory health insurance and social security, four weeks' paid vacation, and legally mandated notice periods before getting let go. Prices usually include a bit of buffer for exchange rate fluctuation, as well. 

    AW10: US$399 = 362€ at today's rate. 
    362€ + 19% VAT (in Germany) = 431€. 

    List price in Germany: 449€  ~4% more. 

    We're doing fine. 
    ronnmuthuk_vanalingamwatto_cobra

  • Apple must pay EU $14 billion over Ireland tax arrangement

    sphericspheric
    radarthekat said:
    carnegie said:

    I suppose the U.S. government could again try to get involved, filing a complaint of some sort, since that's where the money that Ireland will collect will ultimately effectively be coming from. 

    How is the money effectively coming from the US government and not from Apple?
    Credit for foreign taxes paid.  US is party to many tax treaties that prevent double taxation.  Ergo, if Apple instead paid the US government when it repatriated a ton of overseas profits back when the US government gave businesses a favorable tax rate to do so, then Apple will get a tax credit on the $14b it now has to pay to Ireland.  This will reduce its US taxes in the next tax year or years (until the credit is fully utilized).  Thus it’s the US government that will take a hit for this decision. 
    Why does Apple get a tax credit on the $14b it has to pay to Ireland? The money was not repatriated; it's in escrow. These $14b are tax payable on overseas profits, which were never taxable by the US gov't in the first place. These extra $14b in local taxes do not affect Apple's US-taxable income, AFAICS. 

    Or am I missing something?
    watto_cobra

  • Apple may have to give up $14B escrow account to satisfy EU court on Tuesday

    sphericspheric
    beowulfschmidt said:
    gatorguy said:
    There was zero chance that the EU court was ever going to rule in Apple's favor and forgo that 14+ billion dollars.
    One EU court already did side with Apple. 

    But not the one that actually counts, apparently.
    You are familiar with the concept of appeals? 
    gatorguy

  • Sleep apnea in, hypertension out for Apple Watch Series 10

    sphericspheric
    dewme said:
    spheric said:
    Maybe some day, Americans will finally grasp this „global“ concept and understand the whole internet thing. 
    You're going far beyond the scope and context of the feature in question. If an Apple Watch buyer lives in the US and buys any Apple Watch that is impacted by the ongoing legal dispute the oxygen sensor is inaccessible. Whether the oxygen sensor is still present in the device or whether the US-banned feature is available in other countries does not matter at all. Knowing that one of my German, Canadian, or Singaporean colleagues has that feature activated in the same Apple Watch model that I own doesn't help me in any way. That's just a fact.

    This topic has nothing at all to do with American's perspectives about global markets, global economies, or other countries. 
    My comment had to do with the fact that THE INTERNET is a global thing, and this website and its articles are being read OUTSIDE the United States of America, and have been for MORE THAN TWENTY-FIVE YEARS. 

    If you write that "Another health element users will miss out on is blood oxygen sensing. Following Masimo's legal fight and the successful ban on Apple using the technology, Apple stripped it out of the Apple Watch." then that's simply misinformation for the vast majority of people on the internet who have access to this article (who outnumber USAians about 10:1). 

    It is just a "health element AMERICAN users will miss out on". The US patent dispute between Apple and Masimo does not affect me or any Apple Watch I could buy in any way. They all have blood oxygen measurement. That's just a fact. 
    muthuk_vanalingamwatto_cobra