€ 336k for a BIKE SHED? And it’s really just a nice semi-covered bike rack (not a shed as Americans would think of it)?
Holy crap…
Show HN: How much is 13B euros?
51–60 of 107 posts
Re: Show HN: How much is 13B euros?
#5213 billion euros = 2 miles of subway in SF downtown [1] [1] https://www.transit.dot.gov/sites/fta.dot.gov/files/2024-05/...
What would the cost be for the same distance in other parts of the world? Even accounting for inefficiencies, do you have any data on that? A quick search seems to put SF at the top [1].
[1] https://pedestrianobservations.com/2020/09/13/the-costs-of-s...
Re: Show HN: How much is 13B euros?
#531 km of freeway is 10-40 million so 325-1300 km of freeway. 1 km of high speed train line is 20-60 million so 216-650 km of high speed train Ireland's healthcare spending was 22.3 Bn in 2023, so 13 Bn covers 7 months of healthcare for the country. I see the OP included "In € 2.24Bn National Childrens Hospitals? 5.8 National Childrens Hospitals" so they're on the right track. We're talking about state spending here so…
> 1 km of high speed train line is 20-60 million so 216-650 km of high speed train In America, that's how much it costs to build a 30km elevated train that goes ~45km/h (and it isn't going to be finished until ~25 years after work started): https://en.wikipedia.org/wiki/Skyline_(Honolulu)#Revised_sch... I am totally for trains, BTW, but I wish we'd hire EU and/or JP train builders to plan and build our trains.
I don't think its the builders. I think its the red tape and bureaucracy. Every agency wants to opine and get their pound of flesh. Also its nearly impossible to even get cleared to bid on these contracts.
Re: Show HN: How much is 13B euros?
#54It's also the amount that Tim Cook keeps in cash in his wallet for paying small fines and such. Being less facetious - Apple has $166Billion in cash so 13 billion euro is a good enough chunk of it - 10%. https://www.investors.com/etfs-and-funds/sectors/sp500-compa...
13B euro is 14.31B usd, so that’s 8.62%
(still a good chunk)
Re: Show HN: How much is 13B euros?
#55This is a curious case of bait and switch. Ireland attracts Apple through low taxes. The EU rules this is an illegal subsidy for Apple by Ireland, harming other member states. So why should Ireland be entitled to the money, but not those member states?
Ireland doesn't even want the 13 billion, because if it collects, it knows Apple will be looking for a new HQ and all the Apple jobs and payroll taxes and secondary economic activity will leave Ireland.
Really, Ireland helped US companies evade tax, but the EU is just codifying this unfair advantage of Irish tax law as "state aid". The EU made Ireland close the "Double Irish" arrangement in 2015 (https://en.wikipedia.org/wiki/Double_Irish_arrangement), this 13 billion is how much tax Apple avoided paying Ireland by using that structure, compared to having a normal company structure (sales in other EU member states -> revenue banked in Ireland)
The EU didn't outlaw software/IP licensing! Until it does, Apple can still say that Apple Ireland licenses e.g. Final Cut Pro to Apple Germany for 298 EUR, and Apple Germany sells a German customer a copy for 299 EUR, banking 1 EUR revenue in Germany and 298 EUR revenue in Ireland. That's why other member states don't get the money.
Re: Show HN: How much is 13B euros?
#56Apple isn’t paying that
Re: Show HN: How much is 13B euros?
#57TypeError: Cannot read properties of undefined (reading 'values')
RuntimeError: Cannot read properties of undefined (reading 'values')
Not working right for me
Re: Show HN: How much is 13B euros?
#58Earlier quoted context omitted.
> 1 km of high speed train line is 20-60 million so 216-650 km of high speed train In America, that's how much it costs to build a 30km elevated train that goes ~45km/h (and it isn't going to be finished until ~25 years after work started): https://en.wikipedia.org/wiki/Skyline_(Honolulu)#Revised_sch... I am totally for trains, BTW, but I wish we'd hire EU and/or JP train builders to plan and build our trains.
> I am totally for trains, BTW, but I wish we'd hire EU and/or JP train builders to plan and build our trains. Why? They wouldn't end up being any cheaper or able to make the trains run on time.
When CA HSR was being proposed, there was some interest from SNCF of France and JR of Japan, but they specifically called out that the chosen route was very risky and hard to build.
Now it's ballooned from $33B to $100B+.
Re: Show HN: How much is 13B euros?
#59This shows values per person in Ireland, but AFAIK the tax is from all European income, Apple has just channelled that through Irish subsidiary. Isle of Man is probably even richer in per capita money they've never seen.
No, this is just about how much apple has been taxed under Irish law so all the back taxes would go to the Irish government
The source of the money originally being taxed doesn't matter
Re: Show HN: How much is 13B euros?
#60The fact that everything is scoped for Ireland needs to be more clear, by stating this very fact at the very top or as part of the title.