Ireland’s Finance Minister Michael Noonan talks about the rise of European populism, the European Union’s tax claim against Apple, Ireland’s tax structure, and potential tax retaliation from the United States. He speaks on “Bloomberg Surveillance.”
We think that the decision [regarding Apple’s taxes] made by the competition commission was the wrong decision. We think it’s based on very fragile, illegal principles and we’re appealing it. And we have very strong grounds for appeal and we have very strong legal advice that we’ll win the appeal. But, beyond that, there’s a process. They kind of constituted themselves as a quasi-judicial, they made a decision, we’re appealing it, and there are two phases to the appeal… and it’ll probably take four years, maybe more.
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Direct link to video here.
MacDailyNews Take: Bloated bureaucratic efficiency at its finest.
“It’ll probably take four years, maybe more.” In the meantime: Anyone who decides to set up a business in a European Union member country today is insane. — MacDailyNews, August 30, 2016
The EU’s antitrust commissioner, Margrethe Vestager, is a fool.
SEE ALSO:
Apple’s EU tax nemesis Margrethe Vestager takes aim at other U.S. companies’ offshore profits – September 19, 2016
The ‘Brexit-Apple’ connection: What in the world was Margrethe Vestager thinking? – September 12, 2016
EU ministers line up to take tax bites out of Apple – September 12, 2016
Former EU competition commissioner: Vestager claim that Apple owes back taxes an incorrect use of EU law – September 2, 2016
Irish government to fight EU on Apple tax – September 2, 2016
Treasury accuses EU of trying to steal U.S. tax revenues with Apple decision – September 1, 2016
Irish residents opposed to EU’s tax demand of Apple – September 1, 2016
Apple Inc. pushes back against EU tax grab – September 1, 2016
Apple may repatriate billions of dollars next year after new U.S. President takes office – September 1, 2016
U.S. tax code allows for dramatic retaliation against EU overreach in Apple case – September 1, 2016
Apple CEO Tim Cook on EU tax demand: ‘No one did anything wrong here and Ireland is being picked on… It is total political crap’ – September 1, 2016
U.S. Treasury: The European Commission’s retroactive tax demands on Apple are unfair – August 30, 2016
EU demands Apple pay massive $14.5 billion in taxes plus interest – August 30, 2016
U.S. government warns EU: Do not hit Apple with a massive back tax bill – or else – August 25, 2016
Wow, four years, that’s like blistering speed compared to bringing those at Guantanamo on the bay resort to justice. I mean some of them have been over there for a decade and they haven’t even been charged.
I’m sure it will keep the media entertained.
Let’s listen to the Liar in Chief:
The liars in Chief: Fixed that for you.
Who decided to hold suspected terrorists at the Guantanamo facility?
What was the POTUS supposed to do when states refused to accept prisoners from Guantanamo and when many of them could not be released, as least not immediately?
And, to follow up on that, do you recall the largely partisan uproar when Obama supported limited releases of prisoners from Guantanamo?
Bush handed Obama a huge bag o’ crap and the Republicans did their best to smear it on Obama, hoping that people would think it came from him. The primary objectives of the Republican party of “no” has been to block and disparage Obama and Clinton for the past eight years. It is an unflattering aspect of the American populace that the Republican partisan smear campaign on Obama and Clinton has succeeded to some degree. Some people will believe nearly anything if it is repeated often enough, and in very simple words.
Meanwhile it ties up billions of held Apple money.
Better use of the money than camping it in the Cayman Islands, or burning it on overpriced toy cars.
Well since Apple is doing neither I don’t see your point. If you think the Apple Car (decidedly will NOT be a toy) will be overpriced then don’t buy one. Railing against items you can’t afford (and there are plenty neither you or I can afford) is pointless. Buy what you can and let others buy what they want. No need to put it down.
If Trump gets elected he will have four years to pass laws that will LOWER the tax rate and Apple can bring the cash home as Cook and MDN have been advocating for years. Will we then see where the EU socialists will go from there.
Fucking autoplay video. TURN IT OFF.