Verdict is in, EU demands apple to pay 13 Bilion EUR (+Interest) in taxes owned to Ireland

[PRTI]

1 minute ago, patrick3027 said:

Given Apple is sitting on $216 billion in cash, I think they can miss the money.

Still,its allot of money 

[Energycore]

4 minutes ago, patrick3027 said:

Given Apple is sitting on $216 billion in cash, I think they can miss the money.

I don't think Apple shareholders will be happy to find out that it lost 6% of its value over a single transaction

[suicidalfranco]

2 minutes ago, keNNySOC said:

Still,its allot of money 

that technically count as stolen money 

[PRTI]

Just now, suicidalfranco said:

that technically count as stolen money 

Money is Money,does not matter

 

Drug money buys everything that hard earned money buys

 

Money is JUST Money

[Energycore]

1 minute ago, keNNySOC said:

Money is Money,does not matter

 

Drug money buys everything that hard earned money buys

 

Money is JUST Money

I think the point is that Apple had it coming

[minibois]

19 minutes ago, patrick3027 said:

Given Apple is sitting on $216 billion in cash, I think they can miss the money.

Losing 13 billion when you have 216 billion in the bank is like losing 160 dollars when you have 1000 dollars in the bank, it's still a lot.

[PRTI]

Just now, Energycore said:

I think the point is that Apple had it coming

Had it did not have it

 

Money is Money

 

Its Apple's mistake for thinking they will get away with a tax of  €13 Billion

[Ithanul]

Thing is, Apple is not the only large corp that does this, and Ireland is not the only place these corps use as tax havens.

 

Big corporations such as Apple, Mircosoft, Google, etc. all do this so they can have profits to use in other areas of their business.  Plus, places like Ireland, Luxembourg, etc. benefit as well from the arrangement as this does provide some cash flow to them that they other wise would not get if they did not have low corp taxes.  They use these low corp taxes to entice large corporations to their country.

 

Get right down to it.  This not going to bother Apple much.  They will probably either just move the so called HQ to another low corp tax haven, leave it there but increase end products cost to the consumer, cut employee hours (employees and their hours are large loss of money to a company reason these get cut), or cut some jobs in some places to remake up the loss.

 

Is it Ethical to be doing this, no.  Does a large company really care, no.  At the end of the day it about making that dough.

[Thony]

13 BILLION ???? They might as well buy Irelend at that point

[Sakkura]

23 minutes ago, Thony said:

13 BILLION ???? They might as well buy Irelend at that point

The Irish GDP is 228 billion Euros. Which is pretty similar to Apple's revenue.

[Real_PhillBert]

LOL at the EU, even Ireland says that Apple does NOT owe them any money.

 

“Ireland’s position remains that the full amount of tax was paid in this case and no state aid was provided,”

 

http://www.usatoday.com/story/tech/news/2016/08/29/apple-could-hit-irish-tax-bill-millions/89548370/

 

 

[Curufinwe_wins]

4 minutes ago, Real_PhillBert said:

LOL at the EU, even Ireland says that Apple does NOT owe them any money.

 

“Ireland’s position remains that the full amount of tax was paid in this case and no state aid was provided,”

 

http://www.usatoday.com/story/tech/news/2016/08/29/apple-could-hit-irish-tax-bill-millions/89548370/

 

 

Sounds like someone over at the Irish government is getting their palm greased quite a bit...

[PCBjon]

12 minutes ago, Real_PhillBert said:

LOL at the EU, even Ireland says that Apple does NOT owe them any money.

 

“Ireland’s position remains that the full amount of tax was paid in this case and no state aid was provided,”

 

http://www.usatoday.com/story/tech/news/2016/08/29/apple-could-hit-irish-tax-bill-millions/89548370/

 

 

Dont believe the Irish government one bit massive companies have been avoiding tax in Ireland for quite sometime now, The government have it in their heads that if they start asking for tax the companies will up and leave. Google and Facebook also own a lot of money in tax but they are not targeted by the Revenue but the hard working Joe Moe gets taxed up the ass and scrutinized by the Revenue if you miss paying tax. No shits giving to these mega rich tax avoiding companies. 

[PCBjon]

3 minutes ago, Real_PhillBert said:

LOL at the EU, even Ireland says that Apple does NOT owe them any money.

 

“Ireland’s position remains that the full amount of tax was paid in this case and no state aid was provided,”

 

http://www.usatoday.com/story/tech/news/2016/08/29/apple-could-hit-irish-tax-bill-millions/89548370/

 

 

Dont believe the Irish government one bit massive companies have been avoiding tax in Ireland for quite sometime now, The government have it in their heads that if they start asking for tax the companies will up and leave. Google and Facebook also own a lot of money in tax but they are not targeted by the Revenue but the hard working Joe Moe its taxed up the ass and scrutinized by the Revenue if you miss paying tax. No shits giving to these mega rich tax avoiding companies. 

[DevilishBooster]

6 hours ago, Deli said:

Read the news from other news site. Thanks.

 

So Apple paid 1% or less of tax for 20 years. And EU is going after other big dudes like Amazon and Google.

 

US is going to retaliate, Popcorn time.

[Thony]

54 minutes ago, Sakkura said:

The Irish GDP is 228 billion Euros. Which is pretty similar to Apple's revenue.

Im sure Apple is more profitable than Ireland

[Misanthrope]

Good for the EU. Too bad Ireland is Brexiting and thus can likely avoid the veredict and keep the tax heaven soon.

[PCBjon]

7 minutes ago, Thony said:

Im sure Apple is more profitable than Ireland

Wouldn't be surprising considering Ireland is 200 Billion in Debt 

[deviant88]

i hope both apple and microsoft go bankrupt some day

 

Edit: and facebook

[Master Disaster]

5 hours ago, suicidalfranco said:

makes me wonder whatever happened to the small business in the UK who wanted start using the same loophole as the big boys do in order to get the government to patch those holes 

It was an entire town I believe. One guy set it all up then got other small business owners to do it through him. 

[Master Disaster]

1 hour ago, Misanthrope said:

Good for the EU. Too bad Ireland is Brexiting and thus can likely avoid the veredict and keep the tax heaven soon.

Nope, Northern Ireland is brexiting, Eire are staying put. 

[suicidalfranco]

18 minutes ago, Master Disaster said:

It was an entire town I believe. One guy set it all up then got other small business owners to do it through him. 

yeah, but is there an update to that story? i remember they decided to do that because they find it unfair that the likes of facebook paid less taxes than they did individually 

[pit5000]

time to buy stock?

[Deletist_Jerk]

Big news, but I'm still waiting on the bigger news called Panama papers. 

 

It will be a slaughter. 

[2FA]

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