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Apple must pay 13B euros in back taxes, EU's top court rules

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Re: Apple must pay 13B euros in back taxes, EU's top court rules

#11
post #4

Good. Not because I particularly dilike Apple or big US tech firms (I have a whole bunch of Apple stuff right here), but because Ireland has been able to undermine the tax regime of the whole EU, by giving these sweetheart tax deals to big firms, who can then run their entire EU business from there. This gives an unfair tax advantage to the multinationals over homegrown EU companies, skewing the market. Is it Apple's…

What about Luxembourg?

Re: Apple must pay 13B euros in back taxes, EU's top court rules

#12
prior to brexit, the UK lost a ton of US inward direct investment to Eire … Dell, Intel, Apple etc. the factors were Eire corporation tax was low and public policy was to footdrag in the attempts to set an EU minimum tax, fantastic lobbying by Irish representatives in Washington leveraging the big Irish diaspora, big subsidies that walked to the edge of the EU rules (as seen here), and an English speaking workforce with ability to bring in speakers of all national languages for EU wide customer support

meantime the UK civil service was gold plating the EU rules and then came the brexit disaster

Re: Apple must pay 13B euros in back taxes, EU's top court rules

#13

Why is it Apple that has to pay for what Ireland did wrong? Genuinely curious here, it's not like Ireland is some random dude on the internet selling stolen goods and Apple should've known better.

I guess it's within the power of legislation that the wrongly calculated taxes are now corrected.

Re: Apple must pay 13B euros in back taxes, EU's top court rules

#14
post #4

Good. Not because I particularly dilike Apple or big US tech firms (I have a whole bunch of Apple stuff right here), but because Ireland has been able to undermine the tax regime of the whole EU, by giving these sweetheart tax deals to big firms, who can then run their entire EU business from there. This gives an unfair tax advantage to the multinationals over homegrown EU companies, skewing the market. Is it Apple's…

Surely an EU company, if big enough, could have moved to Ireland and negotiated a similar deal.

I understand that the issue here is the nature of the deal with a specific company, but the EU does not want member states to have too much leeway to cut taxes in any case. They have set minima for corporation tax and VAT, for instance.

Ultimately this is a question of competitive advantage and of ways for small, peripheric countries to survive and prosper. If everything was the same everywhere in the EU, then why would companies pick Ireland?

The US have "domestic tax-heavens" and the country is not falling apart... The EU isn't at risk, either, including because of the huge VAT levels compared to corporation tax.

Effectively, I think this boils down to powerful EU states who want to have high taxes and don't want others to undercut them.

It's odd that the view here, at least among Europeans, seems to be that the higher the taxes the better when the issue is obviously much more complex.

Re: Apple must pay 13B euros in back taxes, EU's top court rules

#16
post #8
post #4

Good. Not because I particularly dilike Apple or big US tech firms (I have a whole bunch of Apple stuff right here), but because Ireland has been able to undermine the tax regime of the whole EU, by giving these sweetheart tax deals to big firms, who can then run their entire EU business from there. This gives an unfair tax advantage to the multinationals over homegrown EU companies, skewing the market. Is it Apple's…

Yeah, agreed, Apple is simply doing what any corporation does, trying to do business as profitably as possible. The only tar bucket you should be having handy is for Ireland for trying to screw over the whole rest of EU.

Why do you give Apple the leeway to do what a company has to and not Ireland to do what a country has to succeed that's very hypocritical of you.

Re: Apple must pay 13B euros in back taxes, EU's top court rules

#18
post #4

Good. Not because I particularly dilike Apple or big US tech firms (I have a whole bunch of Apple stuff right here), but because Ireland has been able to undermine the tax regime of the whole EU, by giving these sweetheart tax deals to big firms, who can then run their entire EU business from there. This gives an unfair tax advantage to the multinationals over homegrown EU companies, skewing the market. Is it Apple's…

Surely an EU company, if big enough, could have moved to Ireland and negotiated a similar deal. I understand that the issue here is the nature of the deal with a specific company, but the EU does not want member states to have too much leeway to cut taxes in any case. They have set minima for corporation tax and VAT, for instance. Ultimately this is a question of competitive advantage and of ways for small, peripheri…

The US is a country, though.

Re: Apple must pay 13B euros in back taxes, EU's top court rules

#19
post #4

Good. Not because I particularly dilike Apple or big US tech firms (I have a whole bunch of Apple stuff right here), but because Ireland has been able to undermine the tax regime of the whole EU, by giving these sweetheart tax deals to big firms, who can then run their entire EU business from there. This gives an unfair tax advantage to the multinationals over homegrown EU companies, skewing the market. Is it Apple's…

What about Luxembourg?

All offshores should be either forced to increase min taxes, regulation and financial transparency (i.e. cease being offshores), or should be expelled from everywhere and sanctioned. I wonder how people aren't protesting this crap, which allows to directly steal their money. But whatever, I guess scary migrants working for slave wage are more important for people that multinational megacorps, as long as they are churning shiny new iphones and stuff.

Re: Apple must pay 13B euros in back taxes, EU's top court rules

#20

Why is it Apple that has to pay for what Ireland did wrong? Genuinely curious here, it's not like Ireland is some random dude on the internet selling stolen goods and Apple should've known better.

First line of the judgement: “Ireland granted Apple unlawful aid which Ireland is required to recover”
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