161–170 of 708 posts
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The jobs provided via Apple, FDI in Ireland, Tax paid by apple staff in Ireland... general spend?
There is just a tiny count employees in Ireland, mostly legal to run the sandwitch.
Somehow Ireland gets a 13 billion euro payday for illegally subsidising Apple so they do business in Ireland.
The issue isn't with Ireland per se, as if Ireland wouldn't do it, then Netherlands, Luxembourg, Cyprus, Bulgaria or someone else will gladly take Apple's 13 billion at the expense of the other members of union. The right fix would be EU wide legislation to prevent EU member states of fighting against each other on who can screw over the taxpayers by providing the biggest tax breaks in exchange for corporations' brea…
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The target of the case is wrong, it should be Ireland, not Apple. Many companies have unique (to them) tax benefits across the entire EU, some hidden under things like “electricity subsidies”. If the company pay what the country mandates, then the rest should be between the country and the EU, not the EU and the company.
They are setting up an example for other companies doing same. Fuck with EU taxes, we will fuck you up (and lets be honest here, 13 billions absolutely nothing for Apple given 500+ million wealthy market they cater to). Law often does that to perpetrators. Ireland tried to save the shady deal by refusing the money it should have received (corruption in plain sight, with these sums its not unexpected it goes to highes…
LOL no there is not a single company or person in the world for whom 13 BILLION dollars is 'absolutely nothing'.
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And it's wrong when they do it, too.
So we should correctly call it "european corpspeak"
Only if they're doing this.
It would just be really good if companies stopped avoiding tax. Most countries are already pretty much bankrupt - it's worth thinking about for every debt (US National Debt is $35.35 trillion!!) there is a rich person on the end of it with the loan as an asset earning interest. If companies avoid tax and rich people avoid tax it means more tax for normal people who work for a living.
Maybe governments need to stop spending 40-50% of the entire GDP? For example, the US federal government + state governments spend about $10 trillion a year. The US has a GDP of about $25 trillion. And the US isn't exactly known as a high tax country. France is estimated to be at 58%...
The expectation that government provides certain services...
The nature of fiat currencies and what actually makes the USD worth anything or even usable as a medium of exchange...
Basic economics. Government spending == business revenue; the money doesn't just vanish.
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There's not much uncertainty for business really. If you're pulling the moves that Apple and other companies pull to "optimize tax", then you are with 100% certainty trying to game the system and violating the spirit of the law.
That doesnt mean regimes we respect should retroactively apply new rules in unpredictable ways
They just found that Ireland's tax rules from 1991 and 2007 are illegal tax benefits according to the preexisting rule.
Just because they took so long apply existing law doesn't make it retroactive.
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No, no it doesn't. The primacy of EU law is completely negated in a number of fairly basic instances - the common market first and foremost. Specifically for Ireland, we are the only EU member state that are obliged to hold public referendums on Treaties. Ratification of the Treaty in all other member states is decided upon by the states' national parliaments. Ireland, Netherlands, and Luxembourg also have veto power…
Your interpretation just lost in court, so who here doesn't know what they're talking about?
The Polish constitutional court OUTRIGHT ruled that EU law does not supercede national law. Thus, primacy of EU law is wholly rejected in Poland. https://www.euronews.com/2021/10/07/polish-court-rules-some-...
I could go on, but responding to Dunning-Kruger commentary is a Pyrrhic battle at best.
It would just be really good if companies stopped avoiding tax. Most countries are already pretty much bankrupt - it's worth thinking about for every debt (US National Debt is $35.35 trillion!!) there is a rich person on the end of it with the loan as an asset earning interest. If companies avoid tax and rich people avoid tax it means more tax for normal people who work for a living.
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Its just the prisoner dilemma. If you don't your competition will. We just need more spine in the country's legislation to close ANY loophole, because this wasn't illegal tax evasion, it was legal tax ellusion. The point is that EU judged this unfair by Ireland and that effectively it stole revenue from other European counties to favor jobs in ireland. Basically saying "you (country) can't have a lower tax rate than…
A good way of thinking about the EU is as a solution to the prisoner's dilemma.