Apple Pays $118 Million Tax Bill in Japan After Underreporting Profits

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Sep 15, 2016.

  1. MacRumors macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    [​IMG]
    Apple has paid some 12 billion yen ($118 million) to Japan after underreporting income in the country, according to broadcaster NHK (via Reuters). The company has yet to comment on the matter.

    Japanese tax authorities determined that Apple failed to pay withholding taxes on profits it earned from subscribers in Japan and shifted to its Irish subsidiary to pay for software licensing.
    The news comes just over two weeks after the European Commission ordered Ireland to collect 13 billion euros ($14.5 billion) from Apple in unpaid taxes. The executive body said Apple received illegal state aid from Ireland, allowing it to pay a less than 2 percent tax rate between 2003 and 2014. Apple said it is confident the decision "will be reversed," and Ireland has also vowed to appeal.

    Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

    Article Link: Apple Pays $118 Million Tax Bill in Japan After Underreporting Profits
     
  2. Bawstun macrumors 65816

    Bawstun

    Joined:
    Jun 25, 2009
    #2
    Sad! Pay your dues, Apple. And fix touch disease (for free) on any 6/6s device that develops it. Greedy greedy greedy.
     
  3. vooke macrumors 6502

    vooke

    Joined:
    Jul 14, 2014
    #3
    Apple has blurred the line between evasion and avoidance and in its place churned out underwhelming 'innovations'
     
  4. japanime macrumors 68000

    japanime

    Joined:
    Feb 27, 2006
    Location:
    Japan
    #4
    12 million yen does NOT equal $118 million USD.
     
  5. TechZeke macrumors 68020

    TechZeke

    Joined:
    Jul 29, 2012
    Location:
    Rialto, CA
    #5
    How is 12 Million yen worth $118 Million USD?

    Am I missing something?
     
  6. garirry macrumors 68000

    garirry

    Joined:
    Apr 27, 2013
    Location:
    Canada is my city
    #6
    Um, 12 million Yen is like 1.2 million dollars... unless you mean 12 billion Yen.
     
  7. TechZeke macrumors 68020

    TechZeke

    Joined:
    Jul 29, 2012
    Location:
    Rialto, CA
    #7
    Actually, less than that. Less than $118,000. Sounds like the person who wrote the article misread the number of zeroes.
     
  8. tenton macrumors newbie

    Joined:
    Jun 29, 2004
    #8
    Looks like like they couldn't read the Reuters article properly (which says 12 billion yen, $118 million) and wrote million for both amounts.
     
  9. garirry macrumors 68000

    garirry

    Joined:
    Apr 27, 2013
    Location:
    Canada is my city
    #9
    Yeah, whoops, can't count at 2 AM :| A Yen is usually roughly 1/100 of a dollar so that would be like $120k. Which is nothing for Apple, lol. 12 billion does equal to roughly $118 million however so I guess they just wrote million instead of billion.
     
  10. T'hain Esh Kelch macrumors 601

    T'hain Esh Kelch

    Joined:
    Aug 5, 2001
    Location:
    Denmark
    #10
    Seems like Cook don't want to admit defeat publicly.
     
  11. racingbull macrumors regular

    racingbull

    Joined:
    Aug 16, 2013
    #11
    Oooops, they did it again.



    Pay your dues how we all do. This is eroding Apple's image which is no good. Greedy.
     
  12. ddkkpp macrumors 6502

    ddkkpp

    Joined:
    May 28, 2011
    #12
    This is an obvious pattern of behaviour for Apple.

    They should own up to their deceptions and just pay the piper.
     
  13. macfacts macrumors 68020

    macfacts

    Joined:
    Oct 7, 2012
    Location:
    Cybertron
  14. Nr123*123 macrumors 6502

    Joined:
    Jul 1, 2014
    #14
    Spending too much time avoiding tax and too little time actually making products.
     
  15. smacrumon macrumors 68030

    smacrumon

    Joined:
    Jan 15, 2016
    #15
    I have a love and hate for Apple. This aspect of how Apple runs its business is what I hate about Apple. Pay your damn taxation bills fully and properly, Apple. Stop dodging taxes worldwide. Pay your bills dirty, filthy, underhanded, Apple! iMessage sticker says greedy pigs.
    [​IMG]
     
  16. justiny macrumors 6502

    justiny

    Joined:
    Jul 28, 2008
    #16
    Or Apple will simply open a dozen more Apple Stores in Japan to cash in more revenue.

    Deceptions or not, does it really matter?
     
  17. Scottsoapbox macrumors 6502

    Scottsoapbox

    Joined:
    Oct 10, 2014
    #17
    I completely support Apple avoiding as much taxation as legally possible (no it is not a moral issue). But keep it legal Apple. Using loopholes created by the very politicians that cry foul? Go for it! Undereporting your actual profits? Ah no.
     
  18. kildraik macrumors 6502a

    kildraik

    Joined:
    May 7, 2006
    Location:
    Dallas, TX
    #18
    Hot water! They need to straighten up or that cash reserve will go quickly...
     
  19. Bubba Satori Suspended

    Bubba Satori

    Joined:
    Feb 15, 2008
    Location:
    B'ham
    #19
    Apple should just buy Japan.
    Stay tuned.
     
  20. Pilgrim1099 Suspended

    Joined:
    Apr 30, 2008
    Location:
    From the Midwest to the Northeast
    #20
    I think Tim Cook and his financial cronies should go to jail for this kind of thing. Seriously. The longer he stays in Apple, the more they will continue with this behavior. I think the reason they under-report is because many of their projects, even the HQ have been extraordinarily expensive to maintain that they're not willing to use their cash reserves to be tapped in. This attitude and behavior is what will destroy or run this company to the ground if it continues.
     
  21. now i see it macrumors 65816

    Joined:
    Jan 2, 2002
  22. macintoshmac macrumors 68000

    macintoshmac

    Joined:
    May 13, 2010
    #22
    Well, to be fair, Tim never said he plays it straight around the the world. All he ever said was "Apple pays every tax dollar they owe." Not Yen. Or any other currency. ;)
     
  23. GucciPiggy macrumors regular

    GucciPiggy

    Joined:
    Oct 1, 2014
    Location:
    Toronto
    #23
    $12 billion...
     
  24. thermodynamic Suspended

    thermodynamic

    Joined:
    May 3, 2009
    Location:
    USA
    #24
    The most profitable and valuable company needed state aid?! You know, the stuff that unemployed and underemployed people have to take because work is not valued but the workers are called "leeches" and other nasty things? From another country that though they were-- what was Ireland thinking to begin with?

    Either way, it's sad.

    Especially as the uberlord and noble elite master Steve Jobs hand picked his replacement. Oh, wait, Jobs was no angel on that issue either.

    And nobody mention what The Woz said about how much in tax Apple should pay, certain heads would go all 'splodey like from that movie "Scanners".
     

Share This Page