- Last Active
adm1 said:maestro64 said:
Yeah is does not matter what the EU says, this is why the market is not reacting and probably pissing the EU off.
To put it into perspective. It would be like the FTC in the US telling California they need to tax Apple more because they gave Apple unfair tax advantage which allow them to compete better in the rest of the US states. No entity in the US including congress or president can force any state to change their tax laws. State give company all kinds of tax incentives for company to do business in their state. The only thing the US government could do is not share federal tax with California. But Brussels does not collect taxes so they have nothing to hold over Ireland other than to say they will try and make thing hard for them.
asdasd said:ktappe said:jannl said:advantage
The problem with this ruling is that it isn't just attacking a small country in the EU, we see the EU doing that numerous times over the past while, but it's changing the goal posts (again retrospectively) on how ( mostly) US companies are taxed at the cost — eventually — of the IRS which claims all worldwide income tax jurisdiction on US companies. When eventually repatriated.
It's also advised, against all principles of corporate law that Ireland wouldn't get the 13.5Bn if the countries where Apple products were sold taxed Apple's profits in that country.
Any such attempt to tax Apples worldwide income at point of sale (beyond sales taxes and VAT) will clearly lead to a US-EU trade war.
The EU may have bitten off more than it can handle.
apple ][ said:asdasd said:When did he say that?
I think he said the lack of tax certainty may cause issues for investment in the future.
I have no doubt this is a largely anti-US crusade by the EU. It's hard to believe that they couldn't find a way to apply the state aid law retrospectively to European HQ'ed companies but they haven't.
I meant european countries have real tax havens - like jersey in the UK. Banks move money around Europe all the time. The investigations are (with the exception of Fiat) all US companies.
Apple has already threatened to cut jobs in Europe after Brussels ordered it to repay £11billion ($14.5billion) - the biggest tax bill ever imposed outside the US.
cropr said:apple ][ said:This is yet another case of the dictatorial EU dictating their dictatorial ways to their slave countries and their subjects, in this case Ireland.
Apple made a deal in good faith with Ireland, and now the EU comes along and tells Ireland that the deal is invalid.
The Irish are slaves to the EU, and the Irish are not in control of their own country.
They should get the hell out of the EU, if they were smart.
And Apple needs to set up shop in a place that controls their own destiny and is actually in charge of their own affairs.
At least 50% of the foreign investments in Ireland are made because Ireland is a EU member state. If Ireland leaves the EU, it would simply collapse
Do you really think that the financial experts of Apple were not aware of the risks they were taking when the agreement with the Irish tax administration was made? You are extremely naive.