US Government Seeks To Intervene in Apple's EU Tax Appeal (reuters.com)

The U.S. government has sought to intervene in Apple's appeal against an EU order to pay back up to 13 billion euros ($14.8 billion) in Irish taxes, Reuters is reporting. From a report: iPhone maker Apple took its case to the Luxembourg-based General Court, Europe's second-highest, in December after the European Commission issued the record tax demand saying the U.S. company won sweetheart tax deals from the Irish government which amounted to illegal subsidies. The decision was criticized by the Obama administration which said the European Union was helping itself to cash that should have ended up in the United States. The Trump administration, which has tentatively proposed a tax break on $2.6 trillion in corporate profits being held offshore as part of its tax reform, has not said anything in public about the case.

Comments

Re:Its free trade until the cash runs out?

[Anonymous Coward]

I think you had too much beer at your Forth of July picnic. Go to bed and sleep it off. Tomorrow's a work day.

My thought

[buss_error]

Apple, Burger King, and countless others use off shore shelters to protect profits from US taxes.

My thought is that if you sell it here, you pay taxes here. Are taxes too high? Grover Norquest will say yes. Others will say no. I say it doesn't matter what the tax rate is if companies can avoid paying it at all. It makes me sick to think there are some millionaires out there that pay less in total tax than I do. Not less as in percentage, I mean less in absolute dollars. I paid over $35K in taxes last year. There are over one hundred estimated millionaires that paid less than that.