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From what I've seen and read it's not so cut and dried about EU "law". As the years and appeals go by and lawyers get rich maybe it will become more clear.
I can say from personal experience and state as fact - European governments routinely give sweet-heart tax deals and other incentives to European corporations.
All things considered - this looks like a money grab. Hence my hope for a scorched Earth response.
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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I'm with you: Europe confines with Russia so if a transatlantic market closes a Eurasian one opens. Which will break the egemony of US based companies here in Europe, kills the US market outside its own borders and break the current power structures, allowing for a greater social mobility than the one now possible.
GCS d--- s-/++ a- C++++ U+++ P- L- E-- W++ N++ o+ K- w+++ O? M-- V? PS+ PE- Y+ PGP t++ 5? X R++ tv-- b+ DI+++ D++ G e++>+++ h--- ++>+++ y+++* Weapons extension: ma- k++ F+2 X
If you think 'goto' is evil, try writing an Assembly program without JMP. -- TNCaver
When I was six, there were no ones and zeroes - only zeroes. And not all of them worked. -- Ravi Bhavnani
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It seems that Apple intended to pay those taxes in the US once the tax rate went below that horrendously unfair 40% that it is now. So by "parking" that money in Ireland, they betrayed the US of A if anybody.
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It already costs too much!
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According to a post in the BBC's live blog on this, the American Treasury Department is claiming that Apple could claim that $13bn on their taxes over here. An interesting development.
if (Object.DividedByZero == true) { Universe.Implode(); }
Meus ratio ex fortis machina. Simplicitatis de formae ac munus. -Foothill, 2016
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If apple paid their taxes over here.
Many of the giant US corporations use the bloody EU as a tax haven.
Ravings en masse^ |
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"The difference between genius and stupidity is that genius has its limits." - Albert Einstein | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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W∴ Balboos wrote: If apple paid their taxes over here. Apple pays about $15 billion in US federal taxes every year. They are exceeded only by Exxon Mobil and Chevron.
Surely you can check your facts.
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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Ouch!
I obsessed on how they're willing to bring in all of these accumulated off-shore assets if they get a discount on their taxes (along w/Google and others).
They are two different concepts - evasion vs. what they're paying - and I messed up.
Ravings en masse^ |
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"The difference between genius and stupidity is that genius has its limits." - Albert Einstein | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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The US corporate tax rate of 35% is obnoxious. It's no wonder American companies have $2,000,000,000,000 (yep, that's 2 trillion) in off shore accounts.
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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better than paid for US war
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As long as companies can pit government against government, they win. This works on all levels; local, provincial, and national.
Alas, it makes you wonder if somebody is using international corporate taxes as yet another ploy for a single-currency world. Sigh.
if (Object.DividedByZero == true) { Universe.Implode(); }
Meus ratio ex fortis machina. Simplicitatis de formae ac munus. -Foothill, 2016
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Foothill wrote: yet another ploy for a single-currency world. if only that were the goal.
It's a no-currency world their working towards.
That's unbelievably scary.
Ravings en masse^ |
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"The difference between genius and stupidity is that genius has its limits." - Albert Einstein | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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If it's the no-currency world of Star Trek where everything is in such great abundance that you are no longer living for subsistence and you are free to pursue your dreams, I would be okay with that. I don't think that's the case though.
if (Object.DividedByZero == true) { Universe.Implode(); }
Meus ratio ex fortis machina. Simplicitatis de formae ac munus. -Foothill, 2016
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Which was only brought about because of the Replicator that could produce for you anything you wanted, basically for free.
#SupportHeForShe
Government can give you nothing but what it takes from somebody else. A government big enough to give you everything you want is big enough to take everything you've got, including your freedom.-Ezra Taft Benson
You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun
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Foothill wrote: Alas, it makes you wonder if somebody is using international corporate taxes as yet another ploy for a single-currency world. Sigh.
Illuminati anyone?
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I'm confused. My last iPhone cost null and my next iPhone will also cost null. But null != null. Is null < null or is null > null?
OriginalGriff wrote: 0.005% tax rate in 2014? I'd love that for me! Do you have 28 children you can write off as dependents?
There are only 10 types of people in the world, those who understand binary and those who don't.
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Quote: Beyond the obvious targeting of Apple, the most profound and harmful effect of this ruling will be on investment and job creation in Europe. Using the Commission’s theory, every company in Ireland and across Europe is suddenly at risk of being subjected to taxes under laws that never existed.
The questions to be answered are (1) is Ireland a sovereign nation or not? (2) if a contract is made with a sovereign nation, can others decide they don't like it and change it? (3) and finally, who'd be stupid enough to set up business anywhere in the EU if anything can happen at any time.
Are these nations or vassal states? If the later, shouldn't they drop their UN membership in favor of a single one representing the all (like the US) ?
Ravings en masse^ |
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"The difference between genius and stupidity is that genius has its limits." - Albert Einstein | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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All of which is evidence of what I was saying in the other thread about that "slogan": gov't is force. The EU is obviously a gov't big enough to take everything you've got and make-up non-existent retroactive "rules" to so justify its actions.
#SupportHeForShe
Government can give you nothing but what it takes from somebody else. A government big enough to give you everything you want is big enough to take everything you've got, including your freedom.-Ezra Taft Benson
You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun
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And they complained when Erdogan tried to introduce death penalty in a similar way. Maybe EU and Turkey are made for each other after all.
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Anything * the zero I have spent on Apple products is still 0.
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No one queuing for it in a while
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Many large companies are able to do that and not only in ireland...
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Quote: Ireland enabled the company to pay substantially less Hardly Apple's fault then, it's the tax authorities not doing their job properly. They know the company is there so why are they not making it pay up?
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Wow, what BS. Apple had smart lawyers, they were looking at ways to avoid paying US taxes, and that money should be in the coffers of the US gov't, and those 6000 people should be US employees.
Marc
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