austriacus
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Apple FAQ responds to investor queries about $14.5B EU tax edict
To add some facts to the general slamming of the so called extortion racket. Don't get me wrong - I love Apple products but they have been skirting their responsibilities for a long time like many other multi nationals. I don't like taxes either (I live in France....) but at a certain point we have to say its enough when corporations pay next to nothing for Billions in profits. Have a look at what happend in Ireland: https://en.wikipedia.org/wiki/Double_Irish_arrangement
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EU will order Ireland to collect over $1B in back taxes from Apple - report
I guess an import stop for iPhones would be pretty good leverage? I do like my iPhone but in the end any phone will do...sog35 said:
EU won't waste their time. If there is no cash in the EU they have no leverage. Apple could play the waiting game for decades.singularity said:
Apple could "send" all its money back to the US but if they failed on all its appeals it would still have to pay the back tax.sog35 said:Apple will not pay anything close to $1 billion.
This will go to appeal and be stuck for at least 3 years.
Then the US government will pass a law to bring back the cash to the USA.
There will be no cash in the EU for them to collect.
Eventually they will settle for about $200 million.
EU will settle with Apple for a much lower amount. Bottom line is EU has very little leverage against the USA, Apple, and Ireland.
Out of the four main figures (USA, EU, Apple, Ireland) the EU is the only one that is a parasite organization and may not even exist in 5 years.
Apple and Ireland can appeal. The appeal will probably take 2 years at least. If they lose they can appeal to a higher court. Another 2 years. Then finally to the European Court of Justice that would take 3 years.
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EU will order Ireland to collect over $1B in back taxes from Apple - report
You have your facts wrong. The law is that a country cannot give preferential treatment to one organisation - a well known fact that Apple should have known if their tax lawyers are worth their money. What they did is to try to see how far they can push the envelope (as all organisations do in tax optimisation) - well looks like that they have been given notice that they are not above the law...jungmark said:Bullshit. Apple paid the taxes as legally required. The EU can't change the rules after the fact.
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EU will order Ireland to collect over $1B in back taxes from Apple - report
It is not rape or a shake down - Apple and Ireland have broken a well established and known law. They thought they could get away with it and did not.... Quite frankly I think that the normal 12.5 % corporate tax in Ireland is already low enough - that's what happens when you get greedy. How much would it have been in the US? They already got a great deal...apple ][ said:
Good point! I suppose that they do need a EU base.singularity said:
So where in the EU should they go? They still need an eu Base and would still have to pay the tax.apple ][ said:Screw those new jobs that Apple was planning in that country!
Apple should take its business elsewhere, there are plenty of other places to choose!
In that case, Apple should raise the price of all products offered in the EU zone, to compensate for the illegal tax rape and to offset any loss of profits and income, because of the mob shake down.
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EU will order Ireland to collect over $1B in back taxes from Apple - report
This is not about sovereignty - like any member of the EU Ireland is obliged to play by the rules. They say that you cannot give a special deal to one organisation and not to others. The general tax rate of about 12 or so percent is already pretty low - tell me how much they would have to pay in the US? Apple with its highly paid lawyers must have known from the very beginning that they were breaking EU rules. Now they have to pay back the illegal tax subsidiesChampionPower said:ALL:
Perhaps this is yet another good reason (that of national sovereignty) to leave the EU! If this realstionship and deal is good enough for Ireland the Apple then that should be the end of the matter. The EU does not provide Ireland with 6,000 jobs like Apple does, so if I were Ireland I'd simply refuse to abide by their decision! What the hell can they do? Expel Ireland from the EU? That would be a blessing and a death warrant to the lazy bureaucrats in the EU in Brussels.
