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Tag: multinational corporations

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…

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…

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…

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…


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 along with 180 other companies redefine the purpose of a corporation to promote ‘an economy that serves all Americans’

Tuesday, August 20, 2019 8:43 am16 Comments

We believe the free-market system is the best means of generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for all…

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…

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….

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…

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…

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…

Ireland, Apple appeal over EU tax clawback gets timeframe

Tuesday, April 24, 2018 12:02 pm8 Comments

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’s Irish tax billions said guarded by Bank of New York

Monday, March 5, 2018 11:00 amMonday, March 5, 201811 Comments

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

Tuesday, February 27, 2018 12:03 pmTuesday, February 27, 201822 Comments

The European Commission will withdraw its complaint against Ireland for not recovering 13 billion euros…

Ireland expects final disputed Apple bill remaining around $16 billion

Thursday, February 22, 2018 3:27 pmThursday, February 22, 201817 Comments

Ireland expects the final disputed tax bill that the European Commission ordered…

EU court rejects U.S. government intervention in Apple’s Irish $15 billion tax case

Friday, December 15, 2017 2:26 pmFriday, December 15, 20177 Comments

Europe’s second-highest court has rejected a request from the U.S. government to intervene…

European Commission forces Ireland to collect €13 billion tax clawback

Tuesday, December 5, 2017 1:05 pm15 Comments

Ireland is to comply with a European Commission order to collect a disputed €13 billion tax bill from Apple…

Ireland expects Apple tax clawback in escrow account in first quarter 2018

Monday, December 4, 2017 10:28 amMonday, December 4, 201717 Comments

Ireland expects iPhone maker Apple to start paying up to 13 billion euros…

Ireland expects progress in Apple tax clawback in coming weeks

Tuesday, November 21, 2017 3:15 pmTuesday, November 21, 20174 Comments

Ireland expects to make progress in recovering up to 13 billion euros…

Apple holds on to tax billions as Ireland set to miss deadline

Thursday, November 16, 2017 10:20 am4 Comments

The Irish debt office is hiring custodians and investment managers for the estimated 13 billion euros ($15.3 billion) in…

EU sues Ireland over $15.3 billion tax clawback from Apple

Wednesday, October 4, 2017 1:55 pmWednesday, October 4, 201730 Comments

Ireland is being sued by the European Union authorities for failing to collect a year-old bill…

NTMA extends Apple multi-billion euro tax fund deadline

Tuesday, September 26, 2017 8:59 amTuesday, September 26, 201721 Comments

The National Treasury Management Agency has extended the deadline on a tender process…

Apple will help choose investment manager for $17.9 billion EU tax grab

Thursday, September 7, 2017 8:55 amThursday, September 7, 20173 Comments

Ireland and Apple Inc. will jointly choose investment managers for as much 15 billion euros…

Ireland opposes EU’s 13 billion euro Apple tax grab, calls it unjustified

Thursday, August 17, 2017 10:25 amThursday, August 17, 201711 Comments

Ireland’s finance minister said the European Commission’s demand that Dublin retroactively collect…

Apple close to deal protecting Ireland in fight over EU tax grab

Friday, August 11, 2017 10:28 am17 Comments

Ireland and Apple Inc. are close to a deal to protect the Irish government from any losses…

France and Germany plan tax crackdown on U.S. tech giants

Monday, August 7, 2017 4:00 pmMonday, August 7, 201730 Comments

France is working with Germany and other partners to plug loopholes that have allowed U.S. tech giants…

Ireland seeks custodian for Apple $15.2 billion in back taxes as collection nears

Saturday, July 22, 2017 12:49 pm157 Comments

The Irish government is setting up a fund to manage the estimated 13 billion euros…

Apple has spent record $2.2 million lobbying Trump administration over past three months

Friday, July 21, 2017 3:30 pmFriday, July 21, 201736 Comments

Apple spent an all-time high $2.2 million lobbying Donald Trump’s federal government…

President Trump on collision course with Brussels again as White House backs Apple in EU tax clawback case

Wednesday, July 5, 2017 11:27 am39 Comments

U.S. President Trump has set the US on a collision course with Brussels yet again after the White House lodged a formal intervention…

EU Commissioner Vestager: Ireland ‘taking too long’ to recover Apple tax

Friday, May 19, 2017 11:28 amFriday, May 19, 201719 Comments

EU’s Competition Commissioner Margrethe Vestager said that Irish authorities are ‘taking too long’ to get so-called unpaid taxes from Apple

Apple: European Commission made ‘fundamental errors,’ tried to ‘redesign Ireland’s corporate tax system’

Tuesday, February 21, 2017 11:28 am16 Comments

Apple has alleged that the European Commission made ‘fundamental errors’ as it ruled last year…

EU’s hypocritical Margrethe Vestager going after Apple while backing Madeira tax avoidance scheme

Tuesday, February 14, 2017 10:56 am25 Comments

This morning I heard an interesting radio report on the European Commission’s long-standing…

Irish calculation similar to EU on Apple tax estimate, says Irish finance minister

Thursday, February 2, 2017 2:40 pm15 Comments

The European Commission’s estimate that Apple owes Ireland up to 13 billion euros ($14 billion) in a disputed tax…

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