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(MSN)   Apple wins the Irish (tax) Sweepstakes   (msn.com) divider line
    More: Followup, European Union, United States, EU General Court, crushing blow, court fight, Apple Inc., Irish tax bill, Republic of Ireland  
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576 clicks; posted to Business » on 15 Jul 2020 at 8:11 PM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



8 Comments     (+0 »)
 
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2020-07-15 8:24:13 PM  
Since it can be appealed, I guess it will be, just like Ireland would have appealed if they had lost.

Why does submitter think Apple was the one who won, submitter confused?
 
2020-07-15 8:26:27 PM  

Ketchuponsteak: Since it can be appealed, I guess it will be, just like Ireland would have appealed if they had lost.

Why does submitter think Apple was the one who won, submitter confused?


https://www.bloomberg.com/news/articl​e​s/2017-10-04/eu-sues-ireland-over-appl​e-billions-as-tax-tensions-flare-up

Wow, Bloomberg are dumbasses. Here's their original article, where they got it correct.

Ireland was sued, not Apple, FFS.
 
2020-07-15 8:54:50 PM  
Just a reminder, Apple was featured in the Panama Papers https://www.bbc.com/news/world​-us-cana​da-41889787
 
2020-07-15 9:22:36 PM  
gadgetynews.comView Full Size
 
2020-07-15 10:19:03 PM  
Did Ireland have any risk at all in this scheme? They offered Apple an aggressive tax deal, which the EU claims is illegal.
If the courts decide the deal is legal, Ireland keeps the tiny tax rate on the massive amounts of money Apple moves through their accounts there.
If the courts decide the deal is illegal, Ireland must collect a much higher rate of tax on the massive amounts of money Apple moved through their Irish accounts.

I guess with the latter, Ireland no longer has an advantage and Apple might move their shenanigans elsewhere? Or just stop with the games and pay tax where the income is earned? It still seems like the risk for Ireland is very low, unless there was also some fine that would greatly surpass the 'full tax rate' they are ordered to collect.
 
2020-07-16 2:23:23 AM  
The tax deal was from a long time ago and no longer in place if I remember correctly.  It was from the time around the transition period when Ireland joined the EU and they were still allowed to do deals like this.

Apple still has a large headquarters in Ireland.
 
2020-07-16 8:05:17 AM  

OccamsWhiskers: Did Ireland have any risk at all in this scheme? They offered Apple an aggressive tax deal, which the EU claims is illegal.
If the courts decide the deal is legal, Ireland keeps the tiny tax rate on the massive amounts of money Apple moves through their accounts there.
If the courts decide the deal is illegal, Ireland must collect a much higher rate of tax on the massive amounts of money Apple moved through their Irish accounts.

I guess with the latter, Ireland no longer has an advantage and Apple might move their shenanigans elsewhere? Or just stop with the games and pay tax where the income is earned? It still seems like the risk for Ireland is very low, unless there was also some fine that would greatly surpass the 'full tax rate' they are ordered to collect.


They still have one of the lowest corporate tax rates in the EU, meaning that a lot of companies sets up their HQ in Ireland. They might become less attractive, if there's uncertainty about their long term position as a tax haven.
 
2020-07-16 11:10:34 AM  

SloppyFrenchKisser: [gadgetynews.com image 850x638]


As usual, the iHater is short on facts. There was nothing illegal about the deal with Ireland, as this court decision proves.

As for other tax laws, Apple follows the same laws as everybody else. Whether those laws are fair and moral is another matter.
 
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