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Apple Reaches Deal With France to Pay Estimated $571M in Back-Taxes
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The All NEW iPhone XI starting at $2999 but it comes with 2TB of storage
But don't worry we have the NEW iPhone XI R for $1,699 Well, without the French buying their stuff, Apple couldn’t generate any profits in France in the first place.
There's likely a deal in place for Apple to pay a token amount instead of the actual ~500m figure, otherwise any company in their right mind would pack up and leave instead - it would make more sense financially.
Still, even if it's only a fifth or even a tenth of what they should be paying, it's more than they ever paid and that's not a bad thing.
Still, even if it's only a fifth or even a tenth of what they should be paying, it's more than they ever paid and that's not a bad thing.
Um, no. When you're found guilty of not paying taxes the option isn't to "pack up and leave". The next step is Apple having all their assets in France seized and arrest warrants being issued.
Tim was going to increase the price anyway. Apple's shareholders apparently don't have enough money.
Yes, the big multinational corps get a tax advantage, and it's unfair. But this sounds ridiculous, like they've passed a law and applied it retroactively to Apple.
Someone has to be absolutely blind not to see the increased quality of materials used on the X models, particularly the display that the beloved Samsung sells to Apple on the highest price possible. Now if people use the gift that nature has given them (called a brain) and they do the math, they would realize that Apple by doing so it adds to the cost of the X versions. But it is like I said earlier, make a trash version of iPhone, dedicated only to moaners. sell it dirt cheap (much cheaper than iPhone XR but also much lower quality) and the world would be on pace
Why so cocky?
A one-off payment of about 500 million should increase the price of an iPhone by about $1.5 for one year.
The fact that it was someone else that actually broke the law doesn't mean that the benefit you got from this is yours to keep. Is somebody robbed a bank and gave you $10.000, you're going to have to pay give that back if the authorities find out about where it came from.
The problem with that assertion is that these really were taxes they had to pay. We're not talking about Apple using a legal loophole, which the EU has been coming down on pretty hard over the last few years, what we are talking about is an illegal tax deal with the Irish government.
To use a U.S analogy it's a bit like states agreeing to allow people to make state tax deductions to their federal taxes based on made up state taxes they have no intention of actually collecting on (i.e helping people cheat the IRS).
The issue with this is that they were violating the treaties they ratified when they joined the EEC, the predecessor of the EU, way back in 1973. Nothing about this is retroactive except the collection of the taxes they should have collected in the first place. This was not a loophole, it was a deal that broke treaties Ireland had singed and ratified decades earlier.
Also, one of the main points of the EU is to set up a common set of rules for everyone and in a framework like you simply can't decide which rules you want to follow and which ones you don't want to follow. If Ireland wants to leave the EU they're allowed to do so, but for quite a few reasons that would be economic suicide for them and thus they're obviously not going to do that.
To again use a U.S analogy: Ireland deciding they don't want to follow common EU rules they don't like is like Florida deciding to not follow or enforce federal laws they don't like.
I never said they did
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There is really no difference. Just two different way of calculating it. What you pay - what Apple retains = tax