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Apple Faces Large Penalties In EU Tax Probe

Posted by samzenpus on from the was-that-wrong? dept.

First time accepted submitter chasm22 writes EU Regulators are apparently set to accuse Apple and the Irish government of entering into several sweetheart deals that left Apple with lower taxes than what it legally owed. If the ruling is upheld, Apple could owe billions in back taxes. Interestingly, it seems that the Irish government would actually get the extra money and suffer little for its part in the scheme.

6 of 120 comments (clear)

  1. Re:Finally by Anonymous Coward · · Score: 5, Interesting

    I think we should allow companies with a head office on Mars be exempt from tax. With the money involved some companies might actually profit from setting up a permanent base there.

  2. Re:From what I've heard... by TheP4st · · Score: 5, Funny

    You are confusing Apple with their customers.

    --
    "I have downloaded hundreds and hundreds of records, why would I care if somebody downloads ours?" Robin Pecknold
  3. Not true by MikeMo · · Score: 5, Informative

    The EU never made such a statement and never levies fines in such cases even if the action turns out to be illegal.

    This is another case of breathless reporters doing their best to get clicks by accusing Apple of something, anything.

  4. Re:I would like to see a return... by jbssm · · Score: 5, Informative

    We could have socialized medicine in the US if we could get this money.

    USA doesn't need more taxes to have socialized medicine. USA has the 10th biggest public healthcare expenditure per capita of the world already, more than 20% higher than the UK and Canada for instance.

    So, unlike what the majority of the Americans actually thinks, they are paying more for much much less, just out of they congenital spite over "paying stuff to poor people".

    Source: PRB Per Capita Public Expenditure on Health (US$)

  5. Re:I would like to see a return... by Eunuchswear · · Score: 5, Insightful

    Just in case anyone is misunderstanding what jbssm is saying.

    The US public spending on healthcare is the 10th biggest in the world, larger than many countries (E.G. the UK) that have "socialised" health care.

    I.E. The taxes Americans already pay are enough to provide "free" healthcare for every American. And you could stop paying health insurance and all other health costs.

    --
    Watch this Heartland Institute video
  6. Re:I would like to see a return... by Rhipf · · Score: 5, Insightful

    The reason no one heads to Canada for medical treatment is that they wouldn't be covered and would have to pay out of pocket.

    Are there problems with the Canadian healthcare system? Sure.
    Would I be willing to give up my healthcare coverage for a US type system? No @#$%ing way!!!
    I am more than willing to put up with the limitations of the Canadian system secure in the knowledge that I won't go bankrupt if something happens to me that involve extensive medical care.