Apple Files 14-Point Appeal Against European Commission's $14 Billion Tax Edict (appleinsider.com)

An anonymous reader shares an AppleInsider report: Apple has filed its appeal with the European court of appeals, all declaring that the European Commission's decision to levy $14 billion in taxes on Apple on behalf of the EU is erroneous, against the rule of law, and should be stricken. The 14 points of appeal introduced by Apple on Monday challenge the European Commission (EC) on several fronts. Primarily, Apple contests that the Cork, Ireland, headquarters of Apple's European wing was properly set up, in accordance with all regulations and laws. Additionally, other apparent accounting blunders by the EC while making its decision were brought up as well. Apple points out that the taxable income attributed to the Ireland branch was misapplied, giving more weight to the Irish operation than it should, and that back taxes were being applied to worldwide profits.

Comments

Just hang on till EU self-exterminates

[Anonymous Coward]

Apple just need to hang on. The EU will see its own demise pretty soon.

Way more than that

[SuperKendall]

If you got a letter saying you owed a buck and a quarter in taxes

Apple's cash after you remove current debt is roughly $200 billion (conservative estimate as they have over $50 billion in debts).

!4 billion in Euros is roughly $14,814,100,000 billion US, or almost fifteen billion...

That means that what the E.U. is asking for is 7.5% of Apple's cash. I don't know how much you make but I assure you that in my case 7.5% of my house and savings comes to quite a lot more than $1.25, and in fact I would be taking that up with the tax court if I felt they were wrong.

Regardless, you're on Slashdot shilling for your favorite consumer electronics company.

It's a new definition of shilling to claim that fighting injustices is equal to promoting a company. I'm not promoting Apple - I'm saying what the E.U. is doing is theft, and would say the same thing about any company the E.U. s trying to illegally steal money from.

Look, they know they're tax cheats.

You "know" that, but then you know so many things that are not so...

Let it go, man. Let it go.

That is what I'm advising the E.U. to do. And you; why do you care about what the E.U. and Apple are doing in Europe? I am interested because I have a small financial interest, I own some Apple stock (big surprise). But what is YOUR deal that you care so much to post so fervently on the topic? That is super creepy man.

P.S. by your own argument you cannot care that I own Apple stock, because the amount you claim is so little it would have no effect on Apple cash and therefore share price to give it up, right? Ha! We'll see your tune change soon enough I'm sure.