Apple will start paying $21B in back taxes to Ireland

#1

Post by jklp » Wed, Apr 25, 2018, 7:01 AM UTC

Apple will start paying $21B in back taxes to Ireland
businessinsider.com

Re: Apple will start paying $21B in back taxes to Ireland

#2

Post by Tepix » Wed, Apr 25, 2018, 8:08 AM UTC

Finally! It's a shame that Ireland had to be forced to demand this money from Apple.

Re: Apple will start paying $21B in back taxes to Ireland

#3

Post by PunchTornado » Wed, Apr 25, 2018, 8:26 AM UTC

Sadly, the government has to accept it.

Damn EU! Destroying our country.

Re: Apple will start paying $21B in back taxes to Ireland

#4

Post by Dawny33 » Wed, Apr 25, 2018, 8:30 AM UTC

Tepix wrote: post #2

Finally! It's a shame that Ireland had to be forced to demand this money from Apple.

Ireland wasn't demanding the money. They were actually opposing this ruling

Re: Apple will start paying $21B in back taxes to Ireland

#5

Post by Kudos » Wed, Apr 25, 2018, 8:31 AM UTC

That's Australian dollars, it's €13B.

Re: Apple will start paying $21B in back taxes to Ireland

#6

Post by nkkollaw » Wed, Apr 25, 2018, 8:33 AM UTC

Tepix wrote: post #2

Finally! It's a shame that Ireland had to be forced to demand this money from Apple.

Well, Apple went to Ireland just to get a tax break, and its desire to stay depended on future tax breaks.

It's not surprising that Ireland would want to keep being able to give the tax break: very small taxes from Apple (and other companies) is better than no taxes from Apple at all.

Re: Apple will start paying $21B in back taxes to Ireland

#7

Post by macco » Wed, Apr 25, 2018, 8:44 AM UTC

When will countries finally understand that it's better to co-operate them too compete against another? Multinational companies are playing them against each other.

Re: Apple will start paying $21B in back taxes to Ireland

#8

Post by dmurray » Wed, Apr 25, 2018, 8:48 AM UTC

nkkollaw wrote: post #6

Tepix wrote: post #2

Finally! It's a shame that Ireland had to be forced to demand this money from Apple.

Well, Apple went to Ireland just to get a tax break, and its desire to stay depended on future tax breaks. It's not surprising that Ireland would want to keep being able to give the tax break: very small taxes from Apple (and other companies) is better than no taxes from Apple at all.

> very small taxes from Apple (and other companies) is better than no taxes from Apple at all.

It's not just about the tax paid by Apple, but the tax paid by Apple employees. Income tax and VAT make up the majority of Ireland's tax receipts[0], and adding more jobs increases those.

Ireland did not make 21B from additional VAT and income tax receipts thanks to Apple - I estimate more like 2B - but she probably made an amount commensurate with the amount of value added by Apple employees in Ireland. The excess comes from Apple's ability to declare a large part of its worldwide corporate income in Ireland, which somehow is not what is under scrutiny here.

[0]https://amp.independent.ie/business/irish/tax-receipts-on-ta...

Re: Apple will start paying $21B in back taxes to Ireland

#9

Post by arthursilva » Wed, Apr 25, 2018, 9:00 AM UTC

PunchTornado wrote: post #3

Sadly, the government has to accept it. Damn EU! Destroying our country.

This is an insane comment, are you even aware of what's happening?

Re: Apple will start paying $21B in back taxes to Ireland

#10

Post by gaius » Wed, Apr 25, 2018, 9:04 AM UTC

PunchTornado wrote: post #3

Sadly, the government has to accept it. Damn EU! Destroying our country.

Ireland is assisting Apple to avoid taxes that should rightly be paid in EU countries including presently the UK, while benefiting greatly from EU spending. What did you think was going to happen?