cnocbui
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EU tax investigation concludes, Apple hammered with $14.5 billion bill
sog35 said:cnocbui said:So am I; I'll take all companies in Ireland paying an appropriate and equal rate of tax so the government can lessen it's shafting of me on my tax. Ireland will get all of what Apple pays up, there is no mechanism for them to claim a share. That would be game-over for the EU.
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EU tax investigation concludes, Apple hammered with $14.5 billion bill
sog35 said:cnocbui said:sog35 said:The EU still refuses to state what law Apple broke.
All they are saying is Apple paid a too low effective tax rate. That is totally ridiculous. Any other company could have used the same provisions Apple used to lower their effective tax rate.
This ruling is so ridiculous its obvious it will be thrown out.
Ireland has the right to charge what ever tax rate they wish. They also have the right to decide on the other finer points of tax law. This decision is saying Ireland does not have the right. This decision is saying the EU can swoop in 10 years after the fact and change Ireland's soverign tax laws if they feel it goes against their opinion of matters. In other words the opinion of a few beaucrates in the EU is worth more than the entire citizenship of Ireland. Crazy.
You still have not.
You are just saying general things like "oh they paid too little tax".
Paying too little tax is not a LAW.
Show me the Irish law that Apple broke.
You won't be able too. Because even the EU says nothing about what law Apple broke.
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EU tax investigation concludes, Apple hammered with $14.5 billion bill
redhanded said:gatorguy said:redhanded said:Being pedantic, 0.005 isn't an actual tax rate, the EU judgement says it was the effective tax rate.
So it seems that Apple have a mind numbingly complex set of corporate entities and the Irish tax authorities made a ruling that Apple could allocate the vast majority of their profits to a corporate entity that didn't pay tax while a much smaller amount of profits were allocated to another entity that paid tax at the Irish corporate rate which is 12.5%.
The EU are basically saying that everything should have been taxed at 12.5%.
Expect this to go to appeal with an argument if the ruling about allocation of profits was correct or not. The Irish government will back their own tax department.
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EU tax investigation concludes, Apple hammered with $14.5 billion bill
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EU tax investigation concludes, Apple hammered with $14.5 billion bill
sog35 said:The EU still refuses to state what law Apple broke.
All they are saying is Apple paid a too low effective tax rate. That is totally ridiculous. Any other company could have used the same provisions Apple used to lower their effective tax rate.
This ruling is so ridiculous its obvious it will be thrown out.
Ireland has the right to charge what ever tax rate they wish. They also have the right to decide on the other finer points of tax law. This decision is saying Ireland does not have the right. This decision is saying the EU can swoop in 10 years after the fact and change Ireland's soverign tax laws if they feel it goes against their opinion of matters. In other words the opinion of a few beaucrates in the EU is worth more than the entire citizenship of Ireland. Crazy.