[video]http://www.bloomberg.com/news/articles/2016-08-30/apple-ordered-to-pay-up-to-14-5-billion-in-eu-tax-crackdown[/video]
https://www.youtube.com/watch?v=ZObBc76GO4M
https://www.youtube.com/watch?v=ZObBc76GO4M
Apple tax avoidance
- Thread starter danmand
- Start date
U.S. Treasury white paper on "The European Commission's Recent State Aid Investigations Of Transfer Pricing Rulings." In a nutshell, the U.S. Treasury says that what the EU is doing to Apple is wrong and that "it continues to consider potential responses should the commission continue its present course, accusing the Brussels investigation of being supranational."
https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/White-Paper-State-Aid.pdf
https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/White-Paper-State-Aid.pdf
If other U.S. companies like Amazon and McDonald's are drawn in, as threatened, beware tit for tat exchanges. The EU got quite angry with the IRS and SCC levying fines against EU banks a few years back. Already, France and Germany have said they no longer back an EU/US free trade agreement.
Apple might be in a bit of trouble over this. Although I dont know what the charge would be:
https://www.bloomberg.com/news/arti...over-updates-that-slow-older-iphones-jd1yahj7
In the meantime, I think I'll stick to my Samsung TYVM
https://www.bloomberg.com/news/arti...over-updates-that-slow-older-iphones-jd1yahj7
In the meantime, I think I'll stick to my Samsung TYVM
this is a quote from the bloomberg link:
"Ireland illegally slashed the iPhone maker’s tax bill"
so if Ireland internal revenue was aware and agreed with it, why should apple pay?
Im assuming this is a cash grab by the EU after the fact?
can someone enlighten me?
"Ireland illegally slashed the iPhone maker’s tax bill"
so if Ireland internal revenue was aware and agreed with it, why should apple pay?
Im assuming this is a cash grab by the EU after the fact?
can someone enlighten me?
I'm not disagreeing or debating with you,... but does anybody know why would it be illegal for Ireland to slash a companies tax bill,... ???
Can someone enlighten me.
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on a good note: Apple is the largest taxpayer in the world with over $35 billion in corporate income taxes paid the past three years, plus billions of dollars more in property tax, payroll tax, sales tax and VAT.
