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Apple Targeted by EU Probe into Irish Tax Policies as U.S. Considers Tax Holiday for Cash Repatriation
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Is it? Didn't your country just need a massive multi-billion Euro bail-out because you attracted a bit too much of the wrong kind of business?
Maybe your government should try and collect taxes instead of relying on other nations to bail you out when your "business model" blows up.
Ah I didn't see that so yes, they are NOT targeting Apple specifically. Fiat owns Ferrari for Lords sake amongst other car brands.
Other small European countries like Sweden and Denmark have no problem building their own, stable economies without resorting to taxation policies that cost other nations billions.
Another non issue being used by the EU to rob more money. stupid move as Apple are acting legally and smartly from a business point of view while bringing investment and I'm sure jobs to Ireland and it's overseas locations through these savings.
we need to stop taxing ourselves out of being competitive.
we need to stop taxing ourselves out of being competitive.
Your above question makes it moot for me to explain - you simply wouldn't understand the concept of individualism, and the fact that all tax is theft.
I have no feelings one way or the other on this topic, but I do have a question for the sake of discussion.
SCOTUS has said that corporations are people in regards to first amendment protection of political donations, right? Well, Americans are liable to file U.S tax regardless of their country of residence. For example, an American living in Ireland is still responsible for filing and paying taxes with the IRS.
Wouldn't it follow that corporations should also have that same tax responsibility if they get to enjoy the benefits of personhood in American politics?
SCOTUS has said that corporations are people in regards to first amendment protection of political donations, right? Well, Americans are liable to file U.S tax regardless of their country of residence. For example, an American living in Ireland is still responsible for filing and paying taxes with the IRS.
Wouldn't it follow that corporations should also have that same tax responsibility if they get to enjoy the benefits of personhood in American politics?
Given Ireland is basically the kitty hanging onto a branch for dear life ...
If Apple or Google left ireland (adding thousands of people to the social welfare system) considering the austerity that the country is already going through - it would be a disaster ....
In the end I imagine a deal will be brokered between Apple & the USA government.
If Apple or Google left ireland (adding thousands of people to the social welfare system) considering the austerity that the country is already going through - it would be a disaster ....
In the end I imagine a deal will be brokered between Apple & the USA government.
Oh my...so many issues raised.
In an effort to be brief:
Tax = theft of property. Plain and simple. I do not consent to money being taken out of my pay, but if I don't pay my taxes, men with guns will take me to jail.
As for what govt spending people object to: how about the fact that most of the money does not go towards benevolent causes. Even money that supposedly goes for things like "education" and "healthcare" goes to lobbyists and corporations that funnel tax dollars towards them as repayment for getting elected officials in office. Only the politically well connected actually benefit from large government. Liberals are fooled into thinking that they are helping the poor by supporting large government, but all they do is impoverish and enslave the poor under the guise that they are helping them.
Apple and Google, among other companies, have been declaring loses here in Spain despite having record revenues and, thus, have receive fiscal credits for them.
Perhaps it is legal, moral? Not so much looking the situation of that country.
Yep, it is a good thing that the European Commission starts to look at what Ireland, Luxembourg and other countries are doing
Perhaps it is legal, moral? Not so much looking the situation of that country.
Yep, it is a good thing that the European Commission starts to look at what Ireland, Luxembourg and other countries are doing
nah, it's all perfectly legal so by definition it isn't theft
Just because you "don't consent" doesn't make something illegal......it just makes you an outlaw for not following the law
they're not necessarily going to leave....they're just going to have to pay some more taxes
From the viewpoint of countries like mine (UK), Germany, France, etc., the activities of Ireland, Luxembourg and to a degree Netherlands is tantamount to theft of corporation tax that logically should be levied by the country in which the wealth was created.
All across Europe countries are losing out on taxation revenues and Ireland is sitting doing nothing other than raking it in. It's not just Apple and Starbucks.
Other "respected" American companies include Dell, Hewlett-Packard, Google, eBay, PayPal, Amazon, Facebook, Cisco, IBM, Microsoft, Oracle, Twitter, Dropbox and many others. It may be legal but it's not moral.
(written as an Apple shareholder)
.
All across Europe countries are losing out on taxation revenues and Ireland is sitting doing nothing other than raking it in. It's not just Apple and Starbucks.
Other "respected" American companies include Dell, Hewlett-Packard, Google, eBay, PayPal, Amazon, Facebook, Cisco, IBM, Microsoft, Oracle, Twitter, Dropbox and many others. It may be legal but it's not moral.
(written as an Apple shareholder)
.
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Shouldn't the other countries just fix their tax regimes to disallow fictional accounting?
No it's plain wrong to allow it to happen, for money to leave for the US with a lower rate! I find it objectionable this is a rich company tactic that undermines the whole system.
Most countries encourage low or reduced tax rates for companies to operate from them. In the UK it's actively encouraged to add jobs and extra income.
Ireland seem to want companies that don't give jobs. They were even bailed out to the tune of 50 odd BILLION by the UK and are basically screwing everyone by actively encouraging tax avoidance and taking money from the UK to fill the debts! It's madness that we are propping up such schemes!
I think no matter how big you are or how much money you have you pay the same rate of tax based on profits regardless of where you claim to have made them. It's madness for a separate bring home rate! I mean come on what happens if you just bit the bullet took home profits and paid tax then next month you could have saved? Lawsuit heaven.
What about the individual who doesn't make millions but can't even avoid paying tax because he isn't a qualifying company?
Most countries encourage low or reduced tax rates for companies to operate from them. In the UK it's actively encouraged to add jobs and extra income.
Ireland seem to want companies that don't give jobs. They were even bailed out to the tune of 50 odd BILLION by the UK and are basically screwing everyone by actively encouraging tax avoidance and taking money from the UK to fill the debts! It's madness that we are propping up such schemes!
I think no matter how big you are or how much money you have you pay the same rate of tax based on profits regardless of where you claim to have made them. It's madness for a separate bring home rate! I mean come on what happens if you just bit the bullet took home profits and paid tax then next month you could have saved? Lawsuit heaven.
What about the individual who doesn't make millions but can't even avoid paying tax because he isn't a qualifying company?
It doesn't mean it's okay
If funny people hate their neighbor for tax cheats but when their favorite corporations do it they don't care
We are in economic trouble for the same reasons every other country is. We gave loans to people could not repay them and pretended there was wealth where there was not.
Taxing multinationals had little to due with it. Banks outright breaking the law are to blame.
that's pretty much is the case.
If EU countries feel that Apple/Microsoft/Starbucks/HP should pay tax on the profits they make selling goods in their country, then it's THEIR tax laws that need to be revised
nah, it's all perfectly legal so by definition it isn't theft
Just because you "don't consent" doesn't make something illegal......it just makes you an outlaw for not following the law
An evil law is no law - just an edict, backed by violence.