61–70 of 436 posts
Earlier quoted context omitted.
They will not collect back 100% anyway, maybe maybe 1/3 of the total amount.
Why they won't collect all the due taxes?
Good. 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 did…
Apple paid taxes according to Irish laws. Is it Apple's problem that Irish law disagrees with EC agreements? (Seems to be Ireland's problem.) If people want companies to pay certain taxes, they should vote for politicians that pass laws that require companies to pay those taxes.. In any case, we should be taxing land value. That's harder to avoid: you can't hide land.
It is legal and not unprecedented to require additional payments for the past after a change of tax-law.
6% of total Irish national debt... I wonder how much Irelands payroll taxes would have been were the corporations not to have set up shop in Ireland, they would have just gone somewhere with a decent tax arrangement. Unemployment in the 70's and 80's was brutal in Ireland, personally, I think the government at the time made the right choice, however, this "selective treatment" allowed Apple to pay tax rate of 1% on E…
You can't begrudge Ireland for trying to get ahead when things were really bad. However, they've long reached a point where tax dumping is not morally justifiable. They were repeatedly told to sort it out, and got off the hook a bit only because of 2008. Now they're back on their feet, it's time to come clean. Next, Luxembourg and Netherlands.
Unemployment is still high in certain areas. The bank bailout crippled the country, forced really high taxes on those who really shouldn't have been held accountable (low income earners).
That said, Apple (and many other mult-nationals) seized an opportunity and ran with it. The moral responsibility to pay taxes should be on the CEO and the board.
Good. 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 did…
This is NOT a fraud and any characterisation of it being so is ridiculous and wrong. Apple followed the law. End of story. The issue is that the EU found that the law was illegal under state aid rules.
So it is AAPL's lawyers' fault, in the end. Hence, AAPL's.
This is another issue why I am strongly against the EU. You can find out that a country is behaving illegally when WRITING ITS OWN LAWS...
So you cannot even be sure to be abiding by the law if you obey a country's laws.
Good. 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 did…
Apple paid taxes according to Irish laws. Is it Apple's problem that Irish law disagrees with EC agreements? (Seems to be Ireland's problem.) If people want companies to pay certain taxes, they should vote for politicians that pass laws that require companies to pay those taxes.. In any case, we should be taxing land value. That's harder to avoid: you can't hide land.
Having to pay back the taxes that were due is not a punishment, it's simply restitution.
Earlier quoted context omitted.
What I don't fully understand is why Apple is fined instead of Ireland. Edit: Maybe "fined" is not the correct term for this, but my understanding is that Ireland had granted Apple tax benefits which they shouldn't have granted. Isn't Ireland in the wrong here, rather than Apple?
No fine for Apple. Apple can almost look entirely innocent on this, they asked Ireland to look at how they've structured their tax affairs knowing full well what impact this would have on their tax bill. However Ireland agreed to it, even though it shouldn't have. The EU has now stepped in and clarified that Ireland should not have allowed this in the first place.
Earlier quoted context omitted.
Apple paid taxes according to Irish laws. Is it Apple's problem that Irish law disagrees with EC agreements? (Seems to be Ireland's problem.) If people want companies to pay certain taxes, they should vote for politicians that pass laws that require companies to pay those taxes.. In any case, we should be taxing land value. That's harder to avoid: you can't hide land.
What actually happened between IE and AAPL is on the verge of extortion and bribery - the only difference is not on personal level but on Gov vs Bus. We should heavily penalise this, as AAPL literally stole money from both US and EU people. Because of this arrangement: Apple paid less taxes in US, hence US people have worse roads, healthcare etc. To the same in EU (but here by bad IE decision). Money taken is on AAPL…
This is NOT extortion or bribery, just everyday business. It happens every single day even between US states, not to mention nation-states. Business is competitive and that's a good thing.
AAPL in this case has deferred taxes on profits with their structural arrangement, NOT avoided them. To call it theft is extremely ignorant of how taxes and governments work.
6% of total Irish national debt... I wonder how much Irelands payroll taxes would have been were the corporations not to have set up shop in Ireland, they would have just gone somewhere with a decent tax arrangement. Unemployment in the 70's and 80's was brutal in Ireland, personally, I think the government at the time made the right choice, however, this "selective treatment" allowed Apple to pay tax rate of 1% on E…
In 2014, Apple made a profit of $78.5 billion.
That would explain why the percentage went a lot lower.
Every country in Europe has some sort of wacky tax exception for multinationals. Every state is locked in this race to the bottom with its neighbouring countries. It's great that there is a supra-national authority forcing the states to cooperate on getting multinationals to pay reasonable taxes, because it wouldn't happen otherwise.
According to Wikipedia (just listing the IT-companies):
* Adobe Systems
* Apple Inc.
* IBM
* Microsoft
* Oracle Corp.
* Yahoo!
Good. 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 did…
Apple paid taxes according to Irish laws. Is it Apple's problem that Irish law disagrees with EC agreements? (Seems to be Ireland's problem.) If people want companies to pay certain taxes, they should vote for politicians that pass laws that require companies to pay those taxes.. In any case, we should be taxing land value. That's harder to avoid: you can't hide land.