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  • With $231B in cash, Apple's $14.5B EU tax hit doesn't concern Wall Street

    crowley said:
    latifbp said:

    We helped you did 
    Is that more of your "casual Englush"?
     We all make mistakes while typing in our flurry to comment. Cocknob was spelling punitive with an a in every post in the past couple of months. Sheesh!
  • With $231B in cash, Apple's $14.5B EU tax hit doesn't concern Wall Street

    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.

    I think you need to learn how the EU and Europe works, it's very, very different to the USA.
    Yep. The EC is the new Mussolini. We helped you did your continent of Fascism once. You're on your own this time.
  • Apple FAQ responds to investor queries about $14.5B EU tax edict

    asdasd said:
    ktappe said:
    jannl said:
    There. That's the key to all those who oppose being in the EU:  "advantage". The EU prevents one country from screwing over another one to gain an advantage. That's exactly what this case is about; Ireland trying to get more money at the cost of the other EU members. As for Greece, it's in the spot it's in because it mismanaged its human resources, allowing too many people to retire far too early and mooch off the few who continued to work. It dug a hole that the EU is helping it out of; it would be in full-blown depression without the EU.  So all of you decrying the EU and cheering for more Brexits, you don't realize the implications of what you're saying. The EU is a *smart* thing to exist and to be a member of. Breaking it up would be a pretty direct analogy to breaking up the U.S.A.; each state would have to fend for itself. All 50 would struggle while the ignorant masses would cheer that each was able to achieve its own "identity". How foolish.
    Europe has no law on national corporation taxes. Maybe it should have. What it does have is laws opposing unfair competition within a jurisdiction, which it — to say the least — enforces sporadically, retrospectively and without much due process. It also forced Ireland (and Greece) to bail out banks, so the opposition to sovereign State aid depends on what benefits the big boys of the EU. 

    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. 
    Indeed the EU has
  • Turkey's deputy PM encourages Apple to move in wake of EU tax ruling

    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. 
    I saw it here. Probably no less reliable than most analyst rumors and headlines that we read about, like from Digitimes.

    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. 

    That's twisting Tim Cook's statements pretty badly. He said it would set a precedent that would give companies trepidation about future investments in the EU and that this could impact the amount of jobs available to those in the EU. He never threatened to cut jobs.
  • Turkey's deputy PM encourages Apple to move in wake of EU tax ruling

    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.

    If you were smart, you wouldn't post such silly things.

    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.

    There was never a 'deal' made. Apple has had this tax rate since 1980. Tim Cook is bound as a head of a publicly traded company to be honest and forthright, with criminal penalties if he is not. You should read the public statement Apple made and Tim Cook stood by before you start spouting nonsense on here that is what is truly naive. Or do you think Apple's financial experts anticipated the formation of the EU way back in 1980 and telegraphed what to do in this very situation now 36 years ago? Maybe they have the Time Machine that is still not known to the public perhaps??? /s