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Tag: corporate taxes

Apple to hike App Store prices in several countries

Tuesday, September 20, 2022 12:02 amTuesday, September 20, 2022No Comments

Apple said on Monday prices of apps and in-app purchases on its App Store will increase in several countries including Japan, Malaysia and…

In bid to overturn $15.7 billion Apple tax verdict, EU claims court made errors

Monday, February 1, 2021 9:12 am25 Comments

EU antitrust bureaucrats have claimed a court made legal errors when it scrapped their 13 billion euro ($15.7B) Apple tax grab in Ireland…

Fears of new trade war as U.S. slams India, Italy, Turkey on ‘unreasonable’ digital taxes

Thursday, January 7, 2021 12:40 pm3 Comments

Digital services taxes adopted by India, Italy and Turkey discriminate against U.S. companies and are inconsistent with international tax …

Apple: ‘We have always abided by the law in Ireland,’ as EU appeals tax grab loss

Friday, September 25, 2020 9:10 amMonday, February 1, 202110 Comments

On Friday, Apple said it has always complied with Irish tax laws and that the issue which led to an EU tax order of 13 billion euros…

Apple court triumph forces tough choice for Vestager’s EU tax crusade

Monday, September 21, 2020 11:49 am13 Comments

Apple’s July court triumph over a massive European Union tax grab is forcing antitrust chief Margrethe Vestager to make a tough choice…

Analyst: Tax hike under Biden poses bigger threat to tech than antitrust hearings

Tuesday, July 28, 2020 2:21 pm63 Comments

The real threat facing the tech firms comes not from lawmakers now, but from higher taxes later if Joe Biden prevails against President Trump…

Apple wins fight over $14.9 billion tax grab in blow to EU

Wednesday, July 15, 2020 9:00 amWednesday, July 15, 202027 Comments

Apple won its court fight over a record $14.9 billion Irish tax grab in a crushing blow to EU Competition Commissioner Margrethe Vestager…

U.S. to suspend retaliation contingent on France suspending digital tax

Friday, July 10, 2020 8:32 am11 Comments

The Trump administration will announce actions against France over its digital services tax but will defer them while France defers tax collections from…

Ruling in EU’s Apple tax grab case due on July 15th

Wednesday, July 8, 2020 8:22 amWednesday, July 8, 20206 Comments

The European Union’s second highest court will next week rule in an appeal by Apple and Ireland against an EU ruling for the U.S. company to pay a tax of…

France vows to impose digital tax this year, Trump may retaliate with tariffs

Thursday, May 14, 2020 3:54 pm11 Comments

On Thursday, French finance minister Bruno Le Maire vowed that France will tax big digital businesses this year whether there is progress or not…

Irish prime minister: Ireland cannot tap Apple tax fund to fight coronavirus

Monday, March 23, 2020 8:36 amMonday, March 23, 20205 Comments

Irish PM Leo Varadkar said on Monday that Ireland cannot use the more than 14 billion euros (US$15.1 billion) in disputed taxes it has collected from Apple

Governments ‘moving fast’ to rewrite international tax rules

Friday, January 31, 2020 10:00 am6 Comments

After talks this week in Paris, the OECD said on Friday that nearly 140 governments have agreed to launch a rewrite of decades-old international tax rules…

Apple reduces massive bill for back taxes the EU claims it must pay Ireland

Wednesday, January 29, 2020 5:32 pmWednesday, January 29, 2020No Comments

According to regulatory filings, Apple reduced a massive back tax bill it must pay Ireland after other governments claimed a slice of the payment last year…

Apple CEO Tim Cook: Global corporate tax system must be overhauled

Monday, January 20, 2020 9:18 am25 Comments

In Ireland on Monday, Apple CEO Tim Cook backed changes to the global corporate tax system, agreeing with the general consensus…

Italy to institute a ‘web tax’ on Apple and all digital companies

Monday, October 14, 2019 1:02 pmMonday, October 14, 201914 Comments

Italy is readying a new tax on digital companies in its 2020 budget that will oblige multinational web-based giants to pay a 3% levy on internet transactions…

Starbucks wins, Fiat loses, Apple kept guessing in EU tax grab rulings

Wednesday, September 25, 2019 8:42 am44 Comments

Starbucks Corp. won a court fight and a Fiat Chrysler Automobiles NV unit lost one over European Union tax orders in decisions…

Apple may get clues about its chances of winning tax case of the century

Monday, September 23, 2019 10:28 am4 Comments

Apple has been arguing its case at the European Union’s General Court to topple a record 13 billion-euro ($14.3 billion) EU tax order…

Apple and Ireland blast European Commission’s ‘fairy story’ behind $14 billion EU tax grab

Wednesday, September 18, 2019 12:02 pmWednesday, September 18, 20199 Comments

Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker’s appeal against a $14 billion tax order…

Apple slams EU as epic court battle over $14 billion tax clawback commences

Tuesday, September 17, 2019 1:39 pm7 Comments

Lawyers for the world’s biggest company faced EU officials in the Luxembourg court, challenging a decision that CEO Tim Cook slammed at the time as “total political crap” with no basis in law…

Apple says $14 billion EU tax clawback ‘defies reality and common sense’

Tuesday, September 17, 2019 8:39 am25 Comments

Apple is appealing to Europe’s second highest court to overturn the European Commission’s 2016 ruling that it pay the record sum of over 13 billion euros to Ireland…

Apple takes fight against $14.4 billion EU tax grab to court

Monday, September 16, 2019 8:46 amTuesday, September 17, 20196 Comments

Apple is expected to send a six-man delegation headed by Chief Financial Officer Luca Maestri to the two-day court hearing…

Apple to fight EU’s $14 billion tax grab in European court next month

Friday, August 16, 2019 8:57 am8 Comments

Since 2016, both Apple and Ireland have been denying the merit of the European Union’s tax clawback…

Ireland invests disputed Apple taxes in low-risk bonds

Monday, July 1, 2019 2:51 pmMonday, July 1, 2019No Comments

Ireland’s debt agency has invested disputed taxes collected from Apple in low risk, highly rated euro-dominated fixed income securities…

Apple spends a record $23.8B buying back its own shares — and saves cash in the process

Wednesday, June 26, 2019 12:01 pmWednesday, June 26, 201918 Comments

Apple again led S&P 500 companies in buybacks, spending a new record $23.8 billion in Q1…

G20 agrees deadline for global tax crackdown on tech giants like Apple

Monday, June 10, 2019 9:29 amMonday, June 10, 20199 Comments

The G20 has set a deadline for a two-prong tax crackdown on tech giants, which could hit companies like Apple…

Apple offers $9.7 million for transportation projects in Cupertino

Wednesday, April 3, 2019 2:30 pmWednesday, April 3, 20198 Comments

Apple is offering to spend $9.7 million on five bike and pedestrian-oriented transportation projects…

Apple agrees to pay back-dated taxes to France

Tuesday, February 5, 2019 8:30 amTuesday, February 5, 20197 Comments

Apple said it had reached a deal with France to pay…

Second term unlikely for EU commissioner Margrethe Vestager

Wednesday, October 3, 2018 3:03 pmWednesday, October 3, 20188 Comments

European Commissioner Margrethe Vestager, a former leader of a political party…

Apple pays €14.3 billion Irish tax bill amid ongoing appeal over EU tax grab

Tuesday, September 18, 2018 3:00 pmTuesday, September 18, 201843 Comments

Ireland has collected €14.3bn in disputed back taxes and interest from Apple….

Prompted by U.S. tax cuts, Apple and others dump bonds and create $300 billion market hole

Friday, August 31, 2018 2:49 pm16 Comments

As U.S. tax cuts prompt Apple Inc. and other tech companies to bring home their overseas cash hoards…

Cupertino’s flirtation with an employer tax on Apple dies a quick, unanimous death

Wednesday, August 1, 2018 3:49 pmWednesday, August 1, 201812 Comments

Cupertino’s brief second flirtation with putting an Apple Inc.-targeted business tax on the November ballot…

Apple takes issue with Cupertino’s proposed employer tax grab

Tuesday, July 31, 2018 1:57 pmTuesday, July 31, 201823 Comments

Apple is not too pleased with a new employer tax proposal…

How Apple easily circumvented EU Competition Commissioner Margarethe Vestager’s tax grab

Monday, June 25, 2018 12:01 pmMonday, June 25, 201818 Comments

In August 2016, European Union Competition Commissioner Margrethe Vestager told Ireland to claw back 13 billion euros…

Despite EU tax grab and loss of Athenry data center, Tim Cook reaffirms Apple’s commitment to Ireland

Thursday, June 21, 2018 3:00 pmThursday, June 21, 201823 Comments

Honestly speaking, we didn’t come to Ireland for tax. We came to Ireland in 1980 because…

Cupertino’s ‘Apple employee tax’ put off for a year; voters will instead weigh in during 2019 special election

Wednesday, June 20, 2018 8:54 pmWednesday, June 20, 201820 Comments

Cupertino elected officials have scrapped a controversial plan…

Apple declines invite to EU hearing, cites appeal against EU tax clawback

Friday, June 1, 2018 2:01 pmFriday, June 1, 201837 Comments

iPhone maker Apple has turned down an invitation to an EU lawmakers’ hearing…

Silicon Valley weighs per-employee tax for large employers

Friday, May 25, 2018 11:28 amFriday, May 25, 201817 Comments

The Silicon Valley cities that are home to Google and Apple Inc. are considering the kind of per-employee tax…

Apple could get hit with employer tax in Cupertino

Monday, May 21, 2018 3:55 pmMonday, May 21, 201828 Comments

Cupertino is exploring a tax on Apple and other companies based on the size of their workforce…

Apple $1.8 billion tax arrears payment eases EU pressure on Ireland

Friday, May 18, 2018 8:58 amFriday, May 18, 20184 Comments

European authorities indicated they are open to dropping a case against Ireland…

Apple to fight EU Irish tax clawback without U.S. support role

Thursday, May 17, 2018 4:00 pmThursday, May 17, 20183 Comments

The U.S. lost a bid to help Apple Inc.’s court fight against the European Union’s order to pay Ireland…

Apple’s corporate debt holdings drop for first time since 2013

Friday, May 4, 2018 2:56 pmFriday, May 4, 20185 Comments

A whale in the corporate bond market is going on a diet…

Amazon suspends construction in Seattle while the city considers a new per-employee tax

Wednesday, May 2, 2018 4:01 pmWednesday, May 2, 201848 Comments

Amazon is suspending plans to add 7,000 to 8,000 jobs in 1 million square feet of new office space…

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