Slashdot Mirror
European Commission To Issue Apple An Irish Tax Bill of $1.1 Billion, Says Report (reuters.com)
An anonymous reader quotes a report from Reuters: The European Commission will rule against Ireland's tax dealings with Apple on Tuesday, two source familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes. The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs. Apple and Ireland rejected the accusation; both have said they will appeal any adverse ruling. The source said the Commission will recommend a figure in back taxes that it expects to be collected, but it will be up to Irish authorities to calculate exactly what is owed. A bill in excess of 1 billion euros ($1.12 billion) would be far more than the 30 million euros each the European Commission previously ordered Dutch authorities to recover from U.S. coffee chain Starbucks and Luxembourg from Fiat Chrysler for their tax deals. When it opened the Apple investigation in 2014, the Commission told the Irish government that tax rulings it agreed in 1991 and 2007 with the iPhone maker amounted to state aid and might have broken EU laws. The Commission said the rulings were "reverse engineered" to ensure that Apple had a minimal Irish bill and that minutes of meetings between Apple representatives and Irish tax officials showed the company's tax treatment had been "motivated by employment considerations."
Apple has shittons of money, and this number is too lax.
So Ireland is ordered to take over a 1 billion Euros in free money from one of the worst companies on the planet, not to mention one of the richest, and they said no? That's logical. I'll take the money if they don't want it. I'm 1/8 Irish.
Btw, Apple is sitting on something like 40 billion USD liquid cash and they REFUSE to use it to improve screen shatter chance or work conditions at their factories. Releasing a known defective product and lying about labor, basically having slave labor, etc is unbelievable considering the money they make. They should be brought up on something equivalent to international war crimes for the treatment of their labor force and the constant lies to cover it up.