Throw the book at them and send a message. Maybe companies will avoid using tax loopholes in the future.
If the tax loophole is legal, more power to them.
Throw the book at them and send a message. Maybe companies will avoid using tax loopholes in the future.
I never said what was fair and what wasn't fair. I don't know what Apple's deal with Ireland is - I doubt most of us do - tax's are extremely complicated - i'm not a tax accountant. What I said was Ireland decided how much in taxes they wanted from the companies doing business there. I'm sure they got other benefits besides the actual tax dollars - employment requirements, infrastructure ... The EU is now dictating what tax rates it's members must impose. They're sounding more and more like the U.S.So, you think 2% is a fair tax for a company while I personally pay close to 40%?
You can get a glimpse of the allegations here.How many other ad-hoc deals are there? And what's considered an ad-hoc deal? The Double-Irish methodology isn't an Apple exclusive, as far as I know, and it existed long before Apple.
To Ireland, but Ireland cannot do special deals which would be "unfair" to other companies and "unfair" with other state members. "Unfair" is obviously the key issue here, at least from the Commission's point of view.For example, to whom does Apple owe tax? The EU? The member nations? Ireland?
The larger a company is, the more public resources it uses: roads, police, fire depts, healthcare and social programs for all of its employees, the bureaucracy that makes the market exist and run smoothly in the first place, education for all of its employees, not to mention all of the benefits that accrue to consumers in the European Union making it possible to buy an iPhone in the first place. The bigger you are, the more tax you owe, period.who do you think will ultimately pay that increased tax rate? the consumer! Ireland had a great deal with foreign companies and got a ton of money - now - apple, and others, have no reason to be there - so they can pick up and go elsewhere - so Ireland will get screwed. tax tax tax tax tax - lets just tax everyone to death - build up our militaries and blow each other up. How much tax dollars do countries really need?
will the iPhone 7 be $300 more to compensate?
Actually that's exactly correct: the point is that state members cannot decide how much taxes they want from a specific company unless the deal is fair with all other companies (otherwise the company receiving the special deal would effectively get an unfair competitive advantage) and fair with all other state members (you cannot try to steal business from other states by giving selective sweet deals to companies or even entire sectors).I never said what was fair and what wasn't fair. I don't know what Apple's deal with Ireland is - I doubt most of us do - tax's are extremely complicated - i'm not a tax accountant. What I said is Ireland decided how much in taxes they wanted from the companies doing business there. I'm sure they got other benefits besides the actual tax dollars - employment requirements, infrastructure ... The EU is now dictating what tax rates it's members must impose. They're sounding more and more like the U.S.
Apparently it isn't legal under EU tax law.If the tax loophole is legal, more power to them.
And people wonder why so many countries are considering leaving the EU. Countries can't even set their own tax rates without meddling from big big brother EU. Ultimately this shakedown will be negotiated way lower than the atttention grabbing headline rate.
world war III won't involve bombs - its going to be a war of taxes. So I assume the European union wants the U.S. to raise taxes on European companies doing business here. Who ultimately will be the ones hurt - us the consumers. Thank you EU for another of your moronic decisions. No wonder England left.
If you don't have a large pile of cash to rely on if you have a slow year/quarter/whatever...you kind of have to be a bit more focused. Right now Apple isn't worried. They don't really have to worry about product flops or low demand. They have plenty of money to carry them in case of a misstep. If they loose that money...well....now we actually have to pay a bit more attention. No more fashion shows for Ive...he will actually need to design a product and not spend his days picking colors of wood for shelving in the office.A very strange line of thought. What does one have to do with the other ?
So, you think 2% is a fair tax for a company while I personally pay close to 40%?
If they were not sure of or didn’t like the law Apple had two choices;Perhaps if the EU wrote it's laws better, it would not be an issue.
Right, because who needs the 44billion in net sales in the EU. They tried to avoid taxes, it didnt work... Now they will pay up. Make "only" 30 billion or whatever - End of story
LOL. Clueless. Give up all that revenue. yes, of course. While you’re at it, China has a suspect legal system. You should pull all products from that market too and get the manufacturing brought back to the US.Just give up EU Apple. Do the Appexit sooner then later![]()
The only reason Apple is paying taxes in Ireland is because they are using them as their tax base. Apple has no significant manufacturing plants there, they have no huge infrastructure in Ireland - and can pick any country they want as their tax base. Both Ireland and Apple (and other companies) benefited greatly from this. Ireland will be the one hurt the most by this decision. If the tax rates there are the same as anywhere in Europe then there is no reason to use Ireland.The larger a company is, the more public resources it uses: roads, police, fire depts, healthcare and social programs for all of its employees, the bureaucracy that makes the market exist and run smoothly in the first place, education for all of its employees, not to mention all of the benefits that accrue to consumers in the European Union making it possible to buy an iPhone in the first place. The bigger you are, the more tax you owe, period.
Paying 2% is a slap in the face to people who are barely making a living and pay much more than that. It's shameful, and they should throw the book at them.
So, consumers should pay it instead of shareholders?
So, consumers should pay it instead of shareholders?
in what universe did they "avoid" taxes??? Ireland isn't smart(/independent) enough to determine its own tax rate? So you support higher taxes? I sure don't - I'm taxed ENOUGH!!
The actual accounting behind the explanation to this situation is far more complex than some of you may realize. And there is no doubt Apple is trying to play fast and loose with tax code loop holes in the US and EU territories by moving a disproportionate amount of "reported earnings" through facilities it has only recently (in the last few years) established in Ireland.
OMG nobody around here has a sense of humor. Sheeple culture is alive and strongSo, consumers should pay it instead of shareholders?
The ones which are responsible are Apple and their shareholders if they are found guilty, and do you really think Apple will raise prices again by quite a bit in Europe, don't think so because more and more people think iPhones are getting too expensive in Europe, even more people will go somewhere else, read Samsung or others.