The ruling is here:
http://curia.europa.eu/juris/document/document.jsf?text=&doc...
Apple has €13bn Irish tax bill overturned
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Re: Apple has €13bn Irish tax bill overturned
#32Irish media spinning this as a win for the irish people, while there are ongoing talks of increasing income tax on normal people to help cover the cost of this pandemic. Disgraceful.
Exactly. This is not Apples fault though, since they are not responsible for tax laws.
The EU could have been a vehicle to solve that problem together, but since then I lost my believe it could enact change. Ireland has probably interest in large cooperation staying in Dublin and it might really be in the interest of Irish citizens too...
Still, the current situation is just a grave case of injustice.
Re: Apple has €13bn Irish tax bill overturned
#33Here's what big tech companies don't pay their fair share of:
* defence
* education
* infrastructure
* health
* etc
But our political systems are so corrupt there's nothing can be done about it because they just line the pockets of the political parties who in turn make sure they never have to pay their fair share.
Re: Apple has €13bn Irish tax bill overturned
#34> “This case was not about how much tax we pay, but where we are required to pay it," Apple said in a statement. "We're proud to be the largest taxpayer in the world as we know the important role tax payments play in society." That’s a really beautiful example of spinning the story of what’s going on.
An horrible company that makes great product. Such is my dilemma with Apple!
I mean, their products aren't that great. Their desktop lineup is quite frankly rubbish.
Re: Apple has €13bn Irish tax bill overturned
#35This is a disgraceful verdict for the Irish people. We laid ourselves bare as a tax haven for MegaCorps, and now we're not even seeing the benefits.
The law is the law and often times it’s an ass. Disgraceful verdict? No. You just disagree with it. What matters is the laws and regulations are applied in a correct manner. So, was the initial investigation inept? Possibly.
What this does highlight is that the law as it exists is arguably not fit for purpose, which is what many have been saying for a while, and that a reform of tax law across the EU is necessary.
Re: Apple has €13bn Irish tax bill overturned
#36Re: Apple has €13bn Irish tax bill overturned
#37Earlier quoted context omitted.
They'll appeal most likely but their chances of success look slim.
It could be. But they're only going to piss off the EU even more with these moves. Right now Apple is probably winning a battle but might be losing the war. The next big EU mandate, besides tackling climate change, will probably be clamping down on tax shenanigans. Next time they won't even be able to win anything as the law will be explicitly against such corporate maneuvers.
The commission isn't all powerful. There are different national interests in Europe and all countries have a veto on such matters I believe
Re: Apple has €13bn Irish tax bill overturned
#38Transfer pricing and tax havens are draining money out of the economies of most European countries, breaking the virtuous cycle where consumer spending also leads to salaries, taxes and more investment in the community, to keep the economy going - instead we have a shrinking middle class, as the fuel is drained from the engine. Ireland, Luxembourg and certain other countries are complicit in this. We clearly need bet…
>Transfer pricing and tax havens are draining money out of the economies of most European countries, breaking the virtuous cycle where consumer spending also leads to salaries, taxes and more investment in the community, to keep the economy going - instead we have a shrinking middle class, as the fuel is drained from the engine.
An alternative interpretation is that the high degree of taxes and regulations in Europe is preventing the growth of new companies there, resulting in fewer jobs, opportunities and investments. If Apple was a European company Europe would be getting a lot more taxes from it. In spite of Europe's larger population, in the past few decades it has produced way fewer new Fortune 500 companies than the US (and now also fewer than China).
Re: Apple has €13bn Irish tax bill overturned
#39> “This case was not about how much tax we pay, but where we are required to pay it," Apple said in a statement. "We're proud to be the largest taxpayer in the world as we know the important role tax payments play in society." That’s a really beautiful example of spinning the story of what’s going on.
Well looks like last year they paid $10.5B in taxes (on 65.7B profits) so which part is wrong?