Just purchased civil war today on iTunes, if that answers your point (whatever that may be).
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Ireland Agrees to Appeal European Commission's Apple Tax Ruling
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Just purchased civil war today on iTunes, if that answers your point (whatever that may be).
I do believe you're making that up. As I understand it, the official rate is 35%, they pay less because they don't bring all profits home. So, the 26% is what was actually paid. Feel free to show me I'm wrong.
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The Irish has already agreed to abandon the the tax structure that Apple is using in 2015 and have given companies until 2020 to find alternatives. So in fact they have already admitted it is wrong.
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Stop linking to wall street journal articles. It just takes everyone to a paywall. In addition I am sure it is a US centric view. We have many financial journalist in Europe who have laid this out for what it is and your view is way off base.
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If Ireland wants to change their tax laws, and have it enforced (for all multinationals) by 2020, then that's fine. But if Apple had followed existing Irish tax laws, then why are they being penalized?
a) It's not a penalty. EU is asking for taxes that Apple has not paid. Unless you're one of those types who thinks every tax is a penalty.
b) Apple was not following a tax law, but a tax ruling.
"The taxable profits of Apple Sales International and Apple Operations Europe in Ireland are determined by a tax ruling granted by Ireland in 1991, which in 2007 was replaced by a similar second tax ruling. This tax ruling was terminated when Apple Sales International and Apple Operations Europe changed their structures in 2015."
"The two tax rulings issued by Ireland concerned the internal allocation of these profits within Apple Sales International (rather than the wider set-up of Apple's sales operations in Europe). Specifically, they endorsed a split of the profits for tax purposes in Ireland: Under the agreed method, most profits were internally allocated away from Ireland to a "head office" within Apple Sales International. This "head office" was not based in any country and did not have any employees or own premises. Its activities consisted solely of occasional board meetings. Only a fraction of the profits of Apple Sales International were allocated to its Irish branch and subject to tax in Ireland. The remaining vast majority of profits were allocated to the "head office", where they remained untaxed."
I really suggest you look into this matter more.
Ireland is a beautiful country with great people who speak English.
And you're just "5 euro" away from the rest of Europe.
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brexit rquired a referendum.
Do you seriously believe Irish people would agree for an exit on the basis that a corporation as rich as Apple is avoiding paying taxes?
Yeah, I can't see any attempt to remove Ireland from EU working. They currently receive more money from EU than they pay to it, they house a significant amount of foreign companies that probably want to retain access to the single market and a workforce free to migrate, and UK is currently showing how much of a **** deal leaving EU is to the local economy if you even think about leaving (seeing as UK has done nothing to actually leave the EU thus far).
Hard to predict large groups of people. If the EU continued to insist the money be used to pay down debt instead of spending it and the government had fallen (since it is a minority government that could easily happen) and there had been an election instead of a new coalition and water charges were a big election issue (as they were in this years election) and the EU insisted Ireland had to have water charges(as they are) and anything was done to militarise the EU and the EU plays hardball on Irelands pre existing common travel area with Britain and brexit works out ok for the brits and the migration crisis continues then I could see Ireland moving towards leaving the EU but that is an awful lot of ands. The EU probably isn't incompetent enough for it to happen.
In reading much of the stuff around Apple in the recent political news, I ran across this nugget.
Anybody with hands on experience have any insight as to capacity issues?
I began to wonder how a small staff could max out a PowerMac G4 when used as a dedicated email server for a single domain. I am not an expert on email servers, but with all the email I send and receive I cannot imagine it ever being too much for a dedicated email server of any specification. Clinton is on the record as having sent or received approximately 100,000 emails over 4 years./. said:
Anybody with hands on experience have any insight as to capacity issues?
I on't say an Irexit wouldn't be possible. Just that it would be totally stupid to expect it from this.
I think they "strongly suggested" it.
I don't think the country really gets to decide,there are EU rules that limit spending.
Maybe the limits have to do with subsidies, and also with debt level. There was a lot of money wasted across Europe in unjustifiable airport projects, for example.
There are limits on how much countries are allowed to increase spending from year to year. I think this windfall is equal to about 30% of goverment spending. The EU would not let Ireland spend the money when it receives it. It doesn't matter what we would like to spend the moeny on. Afair the rules are set out in the stability and growth pact
Then I imagine you could spend a fair bit, pay back what you like, and invest the rest.
A country is not allowed to make its own decisions, what better reason would there be?
Thank you. Apple pays less than 1% in Australia too (much less I think) and no amount of repatriation to the US will give Australia any more money. Tim Cook is showing his true colours here and he's coming undone. This is his career and legacy unwinding. Not even by the controversy but by the way he's handling it.
I guess him saying "total political crap" is him trying to sound relatable whilst similarly going on the offensive. Well Tim I've got news for you. Everything is political. You're quite happy to get political when it comes to gay rights (which I also support) or supporting the Democrats but not Republicans. You just don't like it because you're on the losing side of public opinion and rather than use mild vulgarity why don't you argue you case with the truth and figures that aren't lies and spin? Why should I pay 40-50% or more in tax while corporations pay 0.01%? How is that not even remotely unbalanced? How he thinks he can defend that is beyond pathetic when they can afford what the EU is asking and more.
There are big issues at stake here. Despite globalisation and the biggest companies getting bigger, poverty, disadvantage and disparity are increasing. There'll be a crisis of underemployment in the West soon if things don't change. We're seeing this already in countries like Spain and Greece. Facebook (another user of the "double Irish" scam for tax minimisation) has revenue of $18 billion but employs as few as 12,500 people globally. If these companies don't pay more then who else will? I suppose someone struggling to forge a meagre existence as an Apple retail staffer that's who.
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Were you thinking that they would exit the single market entirely?
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Weren't all non-American Apple sales routed through the same Irish paper company that don't pay taxes?
if that's what it takes to become a sovereign nation again I certainly would be voting for it.
Well, it quite hampers down on your ability to do business with countries inside and outside of the European Union. And that in return lowers your value as a base of operations for US based companies.
As far as I'm aware Quebec has been able to give preferential tax treatment to companies they are luring in, similar to how states in the US do.