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Apple To Start Paying Ireland the Billions It Owes In Back Taxes (engadget.com)
Last year, Apple was ordered to pay a record sum of 13 billion euros ($14.5 billion) plus interest after the European Commission said Ireland illegally slashed the iPhone maker's tax bill. "But Ireland was rather slow to start collecting that cash, which led the Commission to refer the Irish government to the European Court of Justice in October due to Ireland's non-compliance with the 2016 ruling," reports Engadget. "However, the Wall Street Journal reports today that the country will finally start collecting those billions of dollars owed by Apple and it may start doing so early next year." From the report:
Both Apple and Ireland have fought back against the ruling -- Ireland has said that the European Union overstepped its authority and got some of the country's laws wrong while Apple has maintained that the amount it's being told to repay was miscalculated. Both are continuing to appeal the decision and the money will sit in an escrow fund while they do so. Ireland has said that negotiating the terms of that fund is what has held up its collection of the money but the European Commission said that the action it has taken against Ireland for failing to follow the 2016 ruling will proceed until the money is collected in full.
Black Taxes, White Taxes ... what's the difference?
that Apple get 26/6 votes in the UK parliament? Because finances to votes would suggest this is an appropriate trade.
Keep your nose out of Ireland's business. Ireland can slash any tax bill they want, IT IS THEIR COUNTRY!!!!! That is why is named Ireland, not EU-land. EU is not the boss of Ireland.
Apple should spend seven billion to provide arms to Ireland to succeed from the EU.
Or 30 billion - as the old saying goes, millions (billions) for defense but not one cent for tribute!
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Apple doesn't owe any taxes in Ireland, as defined by the laws of Ireland. The EU, a soon-to-be irrelevant third party, saw a bucket of cash it wanted and is somehow coercing both parties to get an unjustified payout.
Apple (and a lot of other corporations, to be honest) pulled a LOT of tricks to keep from paying taxes in the U.S. and elsewhere. I suppose it's nice some country is getting a big corporation to pay up, and if it's Ireland, I'm certain it was a sweet deal to start with (just to get Apple to settle down there in the first place).
Here's hoping Ireland uses some of the money to finish some lovely road and railway and railway projects - they need 'em.
Take it easy, Charlie, I've got an Angle...
Spelling and grammar corrections are for small minds - which pretty much sums up your intelligence.
Everyone else knew what I meant, but only you came forward to show how deeply petty you truly are. Thanks for the illumination, not that long time readers required it.
I'll let you have the last response to your petty crime, since the small-minded do like to chatter on so.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
i mean come on, I appreciate they want to be business friendly but at some point the amount of money must outweigh this.
There are only five million people in one and a half million houses in Ireland. It's a staggering amount of cash. Put a gigabit fibre cable in every building in Ireland and see what that does to your attractiveness to technology businesses and still have ten billions left over.
Will Ireland exit the EU next?
Website Just Down For Me? Find out
I hate it when companies think it is OK to become filthy rich and not have to pay any taxes. Instead they move their money into some off shore account to avoid this. I guess Apple should think about putting them money back into the US and help OUR economy!
Just more totalitarian government BS. Redistributive assholes.
However they have submitted a purchase order for a special signed copy of OSX that costs 13bn Euros.
1. Offer a sweetheart tax deal to very large company. Collect almost no taxes.
2. Get caught out by the EU.
3. Demand payment of back taxes from the large company.
This 13B euro is more than Ireland would have ever collected through its illegal low tax scheme over the next decades or more, so, even if no large companies chose to route their profits through Ireland, the country is still ahead on the deal and can blame someone else for the deal falling apart.
It's a brilliant move by Ireland!
The real "Libtards" are the Libertarians!
...was when 90s supermodel Kathy had her husband pull out of her coitally.
Ireland set up a tax system to attract the best US brands. Thats good jobs in Ireland and a low tax rate to attract more good jobs to Ireland.
What did the EU do when it saw Ireland was winning?
The EU demanded taxes and stepped in to stop Ireland from ever winning again. To get a nation back in line with the EU political policy.
Domestic spying is now "Benign Information Gathering"
And giving a drunkard any money is a bad, Bad, BAD thing to do! AAPL! KEEP! YOUR! HARD! EARNED! MONEY! . . .
. . . in your hidden accounts.
Even more gay than Apple!
The less money they have in their bank account, the more they'll have to actually work on making their Macs better in order to sell more of them.
#DeleteFacebook
Anyone else thinking that Ireland secretly knew this would happen? Way to capture billions.
Just make Apple pay $1 a year for the next 16 billion years. Problem solved.
Except the EU agreement EXCLUDES taxation. So EC's attempt to bring taxation under its authority has no legal basis.
" The reason they EU is getting involved is the EU has rules to avoid countries engaging in a race to the bottom to attract major corporations. Ireland violated those rules."
Total false, the European Commission sees a way to get taxation powers if it claims its unfair competition. But they didn't even flesh out these other competitors, and certainly cannot prescribe changes in taxation level as penalty for contrived taxation issues.
EU: Apple, you will pay Ireland 13 Billion Euro.
Apple: Nooo, don't make us pay 13 Billion Euro.
Ireland: Nooo, don't make us accept 13 Billion Euro!
EU: WTF Ireland?
It should have reclaimed those taxes itself and used them to stem youth unemployment in Greece, Spain, Italy, Croatia, etc.
This would create some disincentive for other countries to pull off those tax-haven tricks.
I mean... corps think they can get away with that, but when a flashmob shows up at an Apple store they call the police?
And states are the allies of those sociopaths instead of representing us, the People?
Sheesh.
Why do they not want the money? Why are they insisting on not taxing companies that reside there? What's actually going on?
That's all this is. More money for cronies.