“EU’s Competition Commissioner Margrethe Vestager told CNBC that Irish authorities are ‘taking too long’ to get [so-called] unpaid taxes from Apple,” Silvia Amaro reports for CNBC.
“Speaking to CNBC over the phone on Thursday, Vestager said she hopes Ireland will recover 13 billion euros ($14.46 billion) from Apple ‘very soon,'” Amaro reports. “The European Commission ruled last August that Ireland had granted undue tax benefits of up to 13 billion euros to Apple. The illegal tax aid has created tensions between Brussels and Dublin, given that the latter doesn’t want to be seen as unfriendly to business.”
Amaro reports, “Apple’s Tim Cook dubbed the decision on its tax arrangements with Ireland as ‘political crap.'”
Read more in the full article here.
MacDailyNews Take: Is Ireland its own country or merely a vassal state to a quasi-governmental political confederation that’s already been hit with one very significant defection?
Anyone who decides to set up a business in a European Union member country today is insane. — MacDailyNews, August 30, 2016
SEE ALSO:
EU’s hypocritical Margrethe Vestager going after Apple while backing Madeira tax avoidance scheme – February 14, 2017
Apple has missed the deadline to pay $13.9 billion to Ireland in illegal tax benefits – January 31, 2017
Apple CFO Maestri: What the EC is doing here is a disgrace for European citizens, it should be ashamed’ – December 19, 2016
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
Mein Fuehress Vestager let’s see you hop your happy ass in your Mercedes and go collect it, bïtch.
You join the EU you gotta play according to EU decisions. You subject yourself to EU laws and regulations you must submit to EU rules. The only way to be free of EU is not sell any product or stash any money in an EU country. These boys play for keeps.
Pipeline submitted to EU rules and played according to EU decisions but now the EU is changing its rules and decisions.
Well, that’s politics for ya.
Live and learn.
Socialists never grow tired of taking people’s money.
Until it’s Caracas and the people beat down the door and give you a Mussolini Blanket Party.
power to the people, right on.
Put a cork in it dingleberry.
Michaele has been into the vino again.
I thought things were being held up on appeal? Harder to get the money back if you pay up now. I hope we see the last vestiges of Vestager soon.
There is no “appeal” when under the thumb of an unelected banking cartel.
This is what happens when people surrender their freedom.
correct.
Tell me: Why on Earth shouldn’t Apple or any other campany pay taxes in the countries they operate in? What is your reasoning?
The tax follows IP creation, not distribution of products. There is no significant IP created in the EU for Apple products as far as I know. However EU countries (and others globally) do collect a significant consumer tax called a VAT which is harmonized collection of many taxes. That provides a LOT of money from taxes.
The last I read:
1) The Irish parliament voted to NOT collect the EU imposed taxes from Apple
2) Ireland IS (Bot is wrong, again) appealing the EU finding.
3) Apple IS appealing the EU finding.
IOW: The EU can bitch all it likes. There are protocols in place for appeal, plus Ireland has thrown the ball back at the EU, leaving THEM to figure how to enforce their finding.
you mean they are vacillating weasels?
No botty. That’s not what he said and you know it. You usually are intelligent enough to comprehend English. What happened this time?
The US may allow tax money to return to US at a lower corporate rate. This could drain those accounts held in the EU. As there is an EU credit for tax paid, Ireland may not actually get this money. Perhaps this may underlie the pressure to get the money now.
When our president overcomes Traitor John McCain and his lovely wife, Graham Cracker…the 15% corporate tax will bring back jobs, money and real hope roaring iback to our shores.
“Money goes where it is welcome.” – Rand Paul
Of course, the lunatic exorbitant US tax on overseas corporate profit is THE problem. Supposedly, this is going to be addressed in the vaporous US tax system overhaul. We wait…
My POV: No more frickin’ tax holidays. Just make a reasonable tax rate permanent.