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…
Tag: corporate taxes
Starbucks wins, Fiat loses, Apple kept guessing in EU tax grab rulings
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
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
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
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’
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
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
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
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
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
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
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
Apple said it had reached a deal with France to pay…
Second term unlikely for EU commissioner Margrethe Vestager
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
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
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
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
Apple is not too pleased with a new employer tax proposal…
How Apple easily circumvented EU Competition Commissioner Margarethe Vestager’s tax grab
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
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
Cupertino elected officials have scrapped a controversial plan…
Apple declines invite to EU hearing, cites appeal against EU tax clawback
iPhone maker Apple has turned down an invitation to an EU lawmakers’ hearing…
Silicon Valley weighs per-employee tax for large employers
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
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
European authorities indicated they are open to dropping a case against Ireland…
Apple to fight EU Irish tax clawback without U.S. support role
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
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
Amazon is suspending plans to add 7,000 to 8,000 jobs in 1 million square feet of new office space…
Investors look to Apple’s cash, services as analysts fret over iPhone unit sales
Apple Inc’s multi-hundred billion cash stockpile and stalling growth in services such as iCloud present…
Ireland, Apple appeal over EU tax clawback gets timeframe
An appeal by Apple and Ireland against a European Union ruling for the U.S. firm to pay 13 billion euros ($16 billion) in disputed taxes…
Apple owns a two-year lead over Android imitators in 3D sensing race
Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s TrueDepth system…
Apple’s Irish tax billions said guarded by Bank of New York
Bank of New York Mellon Corp. won a contract to be custodian for as much as 13 billion euros…
EU says Ireland’s Apple complaint will only be dropped if it takes the full $16 billion in tax clawbacks
The European Commission will withdraw its complaint against Ireland for not recovering 13 billion euros…
French court denies Apple injunction against tax protestors in stores
The High Court of Paris on Friday denied Apple’s request for an injunction that would have blocked activist group Attac…
Dow and S&P 500 close higher on upbeat U.S. labor market data
Apple shares are now up more than 2% over the last five trading days, moving the company back into the green on the year…
Ireland expects final disputed Apple bill remaining around $16 billion
Ireland expects the final disputed tax bill that the European Commission ordered…
UBS: How Apple could get to zero net cash
Apple Inc. has an enormous pile of cash — about $163 billion, to be exact…
President Trump highlights Apple in first State of the Union speech
In President Trump’s first State of the Union speech Tuesday night…
Apple Australia almost doubled pre-tax profit during fiscal 2017
Apple Australia increased its pre-tax profit to AU$255 million for the financial year…
Apple has eight years to pay $38 billion U.S. tax bill – with no interest or penalties
The eye-popping $38 billion tax bill that Apple Inc. said it plans to pay…
What Apple will likely do with their repatriated $207 billion
When you go through where Apple could spend an estimated net of $207 billion…
How Tim Cook’s ‘Trump strategy’ made Apple a killer stock
In case you haven’t noticed, Apple’s stock is up a mind-blowing 50% over the past 12 months…
