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Apple Is Moving Its Entire International iTunes Business To Ireland (billboard.com)
Starting February 5th, Apple will be moving its entire international iTunes business from Luxembourg to its European headquarters in Cork, Ireland, according to a note sent to developers this week. The non-U.S. iTunes business consists of Apple Music and the individual stores for iTunes, iBooks and Apps. Internationally, iTunes is available in over 140 countries, while Apple Music is streaming in roughly 115 territories. Billboard reports: Apple announced its intentions to move its iTunes biz to Ireland in September when it transferred an estimated $9 billion of iTunes assets. At that time it also shuffled all existing developer contracts to Ireland-based Apple Distribution International. Like Luxembourg, Ireland is known for being a low-tax haven for international businesses. Last month, both Apple and Ireland announced they would appeal a record $14 billion tax bill from the European Commission, which earlier found it had been underpaying tax on profits across the European bloc from 2003 to 2014. Apple today is the biggest private employer in Cork, the Irish Republic's second-largest city, with a workforce exceeding 5,500. Economists estimate Apple's Cork operation pumps around $17 billion annually in salaries, tax and investment into the Irish economy.
Two guys and a duck? They're moving one tax dodge to another tax dodge. Probably to pressure Ireland to fight the EU off. They'll win out in the end, and the loser will be their taxpayers...
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I expect a Twitter storm within hours on this one. Something about taxes and jobs.
These jobs are moving from Luxembourg to Ireland. Trump only cares about jobs moving out of America. An obvious remedy is to avoid creating jobs in America in the first place.
I have seen people on slashdot accuse you of rape too. Does that make it a fact? Watch, I'll add another: PopeRatzo raped me. Boom! Fact.
Funny thing about the internet. You can check whether stuff has been reported before.
http://www.thedailybeast.com/a...
http://fusion.net/story/328522...
http://gawker.com/the-time-don...
http://www.independent.co.uk/n...
http://www.newyorker.com/magaz...
http://www.inquisitr.com/36114...
http://time.com/4572925/megyn-...
http://www.rollingstone.com/po...
http://nymag.com/thecut/2016/1...
There. That oughtta do it.
Now, where is the evidence that PopeRatzo raped you?
If it weren't for deadlines, nothing would be late.
Those are just blogs and tabloids.
No. No it's not. I suspect you know that and are just shilling.
What actually happens is the IP rights reside in Ireland. Therefore iTunes in the us will be paying licensing rates ( at pretty much any rate Apple decided.. As this is licensing from Apple to Apple.. What a scan!) To Ireland. Therefore transferring profit.
So no. They don't pay tax on the us profit either.. they use this scam to move the profit away..
The Pussy Grabber in Chief is going to lower corporate tax from 35% to 15% so America can become tax-friendly like Ireland.
Except the admitted Sexual Predator in Chief already says he doesn't pay any taxes and he knows full well corporations don't pay taxes, either.
We've been hearing a lot about Ireland lately, like how Microsoft's cloud service business is booming ever since Microsoft told American 3-letters to fuck off on grabbing people's data from Ireland.
Recall Trump's visit(s) to Ireland re: golf course?
That's where that tax-dodging coke head keeps his money, too.
Hey, I'm fine with them lowing the tax rate from 35% to 15% as long as there isn't any loopholes, deductions, or any way out of paying the 15% tax rate. After all, most corporations probably end up paying a lot less with the financial games they play.
We specifically elected the least sexual predatory person between the two. Hillary is a straight up rapist enabler.
Number of people Hillary has raped:0. Number of people Donald has raped: probably more than 1. Number of people Donald has molested, by his own admission: many.
Trump maybe did a few less than savory things, but I don't see compelling evidence that he committed rape.
So essentially, your evidence that he is not a molester/rapist is that you personally can't believe it. Well, that's powerful testimony indeed.
Ireland's main claim to fame is a 12.5% corporate income tax. That's why myriad American companies are there at all.
Want to fix that? Pass the Fair Tax. Among the Fair Taxes' many beneficial changes would be the complete lifting of corporate income taxes. That would make the USA the newest, bestest corporate tax haven on the planet. Corporate executives would injure themselves in the stampede to build factories and move corporate headquarters to the USA. Our financial problems would be a thing of the past. We would be the richest, most prosperous nation on the planet by a wide margin. The reason we're not achieving our full potential right now is that the 2nd worst mistake this country has ever made, right behind slavery, is the income taxes. The Fair Tax abolishes _all_ the income taxes - individual, corporate, payroll, gift, estate, self-employment, capital gains, etc. etc. The IRS, and any tax based on income, is abolished. Only NEW items sold at retail, and services sold at retail are taxed. Tuition is exempt because it is really an investment. The Fair Tax may not make you rich - you still have to do that yourself - but doing it will get a lot easier under the Fair Tax as compared to under the income taxes.
Yeah, Nixon, Ford, Carter, Regan, Bush, Clinton, Bush Obama, all were smoother liars...Well maybe not Nixon, he was just an asshole. And Carter was way too honest for politics...
But with Trump, We had to create an entirely new brand of lie! Alternative Facts.
Nixon would of loved that phrase!
Donald Trump, on a crusade to make Nixon look respectable
What makes you think Trump gives a flying rat's ass about what he can use to pressure companies? No ranking official in a country or company should ever have a conversation with el Presidente Tweety, he'll only twist it.
The past is replete with examples. Two of them are when Clapper called him to explain no one in intelligence agencies leaked the Russian hacking probe. Trump turned that into Clapper agrees with Trump on is view that Russian hacking had nothing to do with the election. He had a public tiff with Mexico's president, realized he stepped on his own crank, gives him a call, and then announces they had a very happy and fruitful discussion. I note the Mexican president hasn't asked for new meeting, agreed to pay for Trump's Wall of Ego, or promised to renegotiate NAFTA.
I haven't used that in over 5 years.
You left out the CEOs. With that and the shareholders, you identified the destructive source of greed.
It little behooves the best of us to comment on the rest of us.
After completion of your first math course, you will learn that avoiding 35% is precisely equivalent to avoiding 15%.
It little behooves the best of us to comment on the rest of us.
Earlier in the EU the VAT of services like software could be paid to the country of the seller, and Luxemburg happens to have really low VAT. So how Apple dealt with this was that they routed their whole iTunes sales through Luxemburg and paid only the very low VAT from all their sales, then took 30% commission of the price without VAT and gave the rest of the money to developers by "buying service from an EU company with 0% VAT". This was a win-win for both developers and Apple, but mostly for Apple because they could higher commissions from the billions in sales yearly through iTunes, but a huge loss for most EU countries.
The EU finally closed the loophole and now services (just like physical products already before) need to pay the VAT to the country of the buyer after certain amount of yearly revenue. Apple has had its EU headquarters in Ireland for a long time because Ireland has very low corporate tax rate, they only had presence in Luxemburg because of the VAT loophole. Now they don't have use for Luxemburg so it only makes sense to move their iTunes business to Ireland and streamline their accounting.
Enlightened moral philosophy you have there.
Post enlightenment I should think. Whereas Trump's supporters have a worldview similiar to Mugabe's Zanu PF, or the Hutu militia. Doesn't matter who dies, or what lies we have to believe, as long as we can find some way to GET the other tribe for their imagined ills, everything it is the fault of other tribes and nations, we ourselves are oppressed and nothing we do is wrong etc etc.
I presume you also think that witches float?
No. But if a A guy says "hey, I molested these women" and then later the women say "yep, he molested me" before being silenced by the formers lawyers, I tend to think that people who come along and say the story is not true *with no evidence to back their assertions* are probably talking out of their arses, particularly when they have demonstrated the sort of undying loyalty that trump's supporters do to his moronic, venal, paranoid delusional ravings, as we've seen here.