“European Union finance ministers are lining up to get a slice of Apple’s tax revenue following a controversial ruling last month by the European Commission, which found the US technology giant had vastly underpaid its corporate taxes for more than a decade,” Deutsche Welle reports.
“Dutch Finance Minister Jeroen Dijsselbloem appeared to be first in line, warning Apple on Saturday to ‘get ready’ to pay up. His comment came after a two-day meeting of his EU counterparts in the Slovak capital, Bratislava,” DW reports. “His British counterpart Philip Hammond concurred, saying the EU was keen ‘to make sure that international corporations pay the right tax at the right place.'”
“Other EU countries, including Austria, Italy and France, are following the case closely, and expressing interest in a possible payout,” DW reports, “according to Austria’s Finance Minister Hans Joerg Schelling, who spoke on the sidelines of the two-day summit.”
Read more in the full article here.
MacDailyNews Take: This is great because government almost always spends money so much more wisely and efficiently than those who earned it.
(read as if you’re drowning in an ocean of caustic sarcasm)
SEE ALSO:
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