Apple them selves said no special deal was made, so they had to pay 12.5% according to that. 0.005% is not 12.5%.
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Tim Cook Calls Apple's Irish Tax Avoidance Accusations 'Total Political Crap'
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Apple them selves said no special deal was made, so they had to pay 12.5% according to that. 0.005% is not 12.5%.
In my little 6mio people country, they tried to ignore a ruling by the Ombudsdman about the display solder issue on the Macbook's being a manufacturer defect. Because we a EU member they got this close -><- to a EU wide ban of sales of Apple products in the EU, before they gave up and fixed them free of charge. They even tried to "bribe" the people who won the case by offering them new macbooks if they signed a NDA.
That is a percentage that's in dispute. Apple claims it's paid $400m in taxes on it's European profits in 2014, and if that amount represents an effective tax rate of .005% as the EU claims, Apple's gross earnings subject to Irish taxes would have to have been 8 trillion $$. Therefore if Apple's claim of having paid $400m is correct, that .005% tax rate the EU claims Apple paid is waaaay off. In fact the 12.5% tax rate Cook claims they were subject to in Ireland would place their European gross at approx. 3.2 billion $$, a far more realistic amount.
I have to side with Tim on this one, it appears to be political B.S., Brussels flexing their muscles against an easy target.
Europeans do not need to be socialists to be to the left of Americans.
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They have an Irish company without employees where they stash about 200B.
Maybe the United Kingdom will give Apple a better deal in the future now that they've decided to give the European Union the Middle Finger and a big NO THANKS to letting Brussels control their security, safety standards and mandatory taxes. Move Apple from Ireland to Northern Ireland. Problem solved (unless they decide to leave the UK in which case, I prefer the pubs in England better anyway).
Yeah .... Apple's tax scheme only works with the country being in the EU. If the country is not in the EU they can not funnel their European profits there pay next to no taxes.
Your comment, in trying to knock the EU essentially has the opposite effect and essentially highlights why Brexit is so utterly stupid.
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Party affiliations. It is about as accurate as any other metric, considering you are never going to get anyone to agree on what is left/right wing.
Well seeing that the figure for the first quarter 2016 in Europe was 16Billion your figures might be a bit light.
I assume you are also aware that the 214 billion tax pile they are keeping in the Caribbean has all been generated from overseas sales.
Another thing worth nothing is that the .005 rate was for one particular year. The regulator also said that in other years it was 1 or 2 percent. I would bet that the $400,000 apple paid was not in the year when they claim .005 percent but rather in the year it was 2 percent.
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I never mentioned their very right wing governments. The political centre varies among member states.
Yes, Marxism, Lenism, Communism, Capitalism, your favourite religion or other abstract societal system.
Once you read up on Nietzsche, you'll loose the championing for or against any of them.
Human civilization hasn't changed in behaviour over the last 10'000 years, or in the last 100.
All that's changed are the names and the tools.
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Curious, what's your nationality ?
(don't answer that in public)Some of the people here that don't understand or don't want to understand it are blinded by their passion for their favourite iToy and Apple is holier-than-thou.
The others simply take the sides of their preferred "team". It's always fun to blurt out drivel against corrupt or perceived corrupt politicians, but they fail to see where the real power has shifted towards and who put them there.
I can like and even be passionate about a product without letting my judgement get clouded by ulterior motives of the makers of those products.
These Europe vs US ideological fights have been going on forever.
Remember 2003 "freedom fries" and the anti-French campaign ? That very hot summer in France was very enjoyable without all the 'muricans getting in the way at the cafes
Back on-topic. I'd say you could argue against the laissez-faire induced slowness in EU legal machinations. It's the best system Europe's had in like... ever. Perfect, nah, not by a long-shot, but a return to nationalism? - no thanks! Every European has lost family members pounding that drum.
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This is a complete untruth. A fundamental principle in tax laws is that any changes that are made for the betterment of tax laws are not applied retrospectively. How on earth could any economic activity/business get done otherwise? Your statement is a complete fallacy.
Former European Competition Commissioner Nellie Kroes (who is no friend of the multinationals) has said the following:
"raises serious questions about legal certainty and the rule of law" & "EU member states have a sovereign right to determine their own tax laws. State aid cannot be used to rewrite those rules."
The Competition Commission report is a ham-fisted attempt at subjugating Ireland into changing it's competitive 12.5% corporation tax rate. The dogs of the road know this.
Yeap, the consumer protection you get from the EU is fantastic. They won't be bribed by arrogant giant Americsn corporations, they have more fun taking them apart for ignoring law and legislation.
Yes, Marxism, Lenism, Communism, Capitalism, your favourite religion or other abstract societal system.
Once you read up on Nietzsche, you'll loose the championing for or against any of them.
Human civilization hasn't changed in behaviour over the last 10'000 years, or in the last 100.
All that's changed are the names and the tools.
[doublepost=1472814082][/doublepost]
Curious, what's your nationality ?
Some of the people here that don't understand or don't want to understand it are blinded by their passion for their favourite iToy and Apple is holier-than-thou.
The others simply take the sides of their preferred "team". It's always fun to blurt out drivel against corrupt or perceived corrupt politicians, but they fail to see where the real power has shifted towards and who put them there.
I can like and even be passionate about a product without letting my judgement get clouded by ulterior motives of the makers of those products.
These Europe vs US ideological fights have been going on forever.
Remember 2003 "freedom fries" and the anti-French campaign ? That very hot summer in France was very enjoyable without all the 'muricans getting in the way at the cafes
Back on-topic. I'd say you could argue against the laissez-faire induced slowness in EU legal machinations. It's the best system Europe's had in like... ever. Perfect, nah, not by a long-shot, but a return to nationalism? - no thanks! Every European has lost family members pounding that drum.
I'm half Welsh and half English, so either one I guess haha. I also voted to remain in the EU as although it's far from perfect, it was kind of doing its job. But hey ho I'm sure we'll survive. I certainly do not sell my soul literally to a corporation!
It's basically those in Europe trust their governments but distrust corporations.
Those in America trust their corporations but distrust the government.
There is a very simple way to resolve all of this. Apple opens up the real books on everything. Complete transparency. Let the entire world see how those accounts are manipulated.
It would be worth a lot more than TCs word.
But I'm guessing that wont happen.
It would be worth a lot more than TCs word.
But I'm guessing that wont happen.