Commission says Ireland granted undue tax benefits of up to €13B to Apple
1–10 of 436 posts
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#2And here the press release from the European Commission
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#3$14.5bn to be recovered.
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#4Good. Read how Tim Cook publicly considers Nobel economist Joeseph Stiglitz as a one who do not know what he (Stiglitz) is talking about. Eye opening.
Excerpts from: http://www.washingtonpost.com/sf/business/wp/2016/08/13/2016...
Q: What do you say in response to Nobel economist Joseph Stiglitz’s comments on Bloomberg [television], where he called Apple’s profit reporting in Ireland a “fraud”?
Tim Cooks answer: I didn’t hear it. But if anybody said that, they don’t know what they’re talking about. [...]
Apple evaded taxes and consider it right :(
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#5$14.5bn to be recovered.
Plus interest or not?
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#6Can someone clarify where this money will eventually end up (assuming it's paid)?
The article says that it will be paid back to Ireland, yet it looks like Ireland was somewhat complicit in allowing this fraud to continue for so long? ' Is this just how it works, money goes to Ireland, and then recovered by Europe?
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#7All of that will go back to Ireland's national debt repayments under EU rules from what I understand, which includes large repayments due to the EU for the recent loans provided to Ireland for propping up banks, so really EU is collecting this money by proxy of Ireland. Interesting play.
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#8Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#9And here the press release from the European Commission http://europa.eu/rapid/press-release_IP-16-2923_en.htm
Jeez, an effective tax rate on profits in Ireland of 0.005% is pretty inexcusable.
Re: Commission says Ireland granted undue tax benefits of up to €13B to Apple
#10All of that will go back to Ireland's national debt repayments under EU rules from what I understand, which includes large repayments due to the EU for the recent loans provided to Ireland for propping up banks, so really EU is collecting this money by proxy of Ireland. Interesting play.
Debt, not depth ;)