Should apple pay any taxes??

B

Bill

Malarkeyville
This is what the EU says:

Apple Inc., which is based in California, set up two companies in Ireland: Apple Sales International and Apple Operations Europe. According to the European Commission, these companies had no employees or real offices but still realized large profits. Apple paid virtually no tax to Ireland, or to any country, on these profits because of a former law in Ireland. In the last year that the law was in effect, 2015, Apple Sales International paid just 0.005% tax, according to the commission.


The European Commission is led by Margrethe Vestager, a member of Denmark's social liberal party. The commission is not a tax authority; instead, its job is to maintain fairness between the EU member states. And that brings us to the most important part in this story: The commission says this law specifically favored Apple for special treatment.

When Apple sold iPhones, iPads, and Macs in an EU single-market nation, such as France, the commission said Apple would funnel the profits from France to Ireland and would not pay tax in either country. But this is not really about Apple's tax-avoidance strategies, which are infamous.

The European Commission's issue is really not with Apple but with Ireland.
Aid versus tax

How's this for a tricky balancing act?

EU leaders have no issue with different member nations charging different corporate-tax rates. That's why it's acceptable for Ireland to charge businesses a 12.5% income tax whereas France levies 33.3%.

More @ source
 
What that is not saying though, Ireland is defending its position and has told the EU that it has no intention of asking for or accepting the £11 billion that the EU says Apple owes to the Irish government.

Brexit Britain beckons Apple: Downing Street says iPhone giant would be 'WELCOME' here after EU orders it to pay back £11BILLION in tax to Ireland over 'sweetheart deal'


  • £11bn ($14.5bn) penalty issued is 40 times higher than previous EU record
  • Ireland will be asked to claw back billions but will refuse cash and appeal
  • Apple paid as little as 0.005% tax a year on its profits outside the US
  • In 2011 it made $22bn profits but just $55m was deemed taxable in Ireland
  • Tech giant will appeal and say EU figures are 'completely made-up'
  • Google and Amazon could be next with EU rulings due in the next year
  • US Treasury has warned EU not to pursue American companies over tax

1EF8C97800000578-3764393-image-a-10_1472551605553.jpg

Big bill: Apple, which has a base in Cork, pictured, must repay £11billion ($14.5bn) in unpaid tax because the EU says its sweetheart tax deal with Ireland amounted to state aid
 
Yes, they should pay. Corporations today have no sense of responsibility, except to executives and stock holders. When did this change, you see it in America as well when foreign companies get a tax break to build some plant, usually in the South. Do the profits help the locale? An interesting book is listed below the Smith quote. Many people blame government for so much and yet corporations get a free ride. And media being corporate owned and operated likes it that way.

"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary." Adam Smith

"And yet over the course of the decade the old skepticism toward business that had been born in the Great Depression and reawakened for a new generation in the Vietnam era finally began to disappear. The economic transformations of the decade would be interpreted through the framework of the free market vision. The 1970s campaigns to revive the image of capitalism among college students bore fruit in the 1980s. Universities created new centers for the study of business themes such as entrepreneurship. Students in Free Enterprise, a group started in 1975 to bring students together to "discuss what they might do to counteract the stultifying criticism of American business," thrived on small college campuses, funded by companies like Coors, Dow Chemical, and Walmart (as well as the Business Roundtable). The group organized battles of the bands, at which prizes would be doled out to the best pro-business rock anthems, helped silkscreen T-shirts with pro-capitalist messages, and created skits based on Milton Friedman's writings, which college students would perform in local elementary schools. In the workplace, the decline of the old manufacturing cities of [he North and Midwest and the rise of the sprawling suburbs of the Sunbelt metropolises marked the rise of a new economic culture, dominated by companies such as Walmart and Home Depot and Barnes & Noble." Kim Phillips-Fein ('Invisible Hands')
 
Bill said:
And the kind of tax breaks that the EU accuses Ireland of offering Apple are similar to the kind of deals common in, and legal in, the US.
Click to expand...

seriously?......can you give me an example of one of these "common" tax breaks that exempts a company from federal income taxes?.....
 
apple-tax.jpg


Forcing Apple to pay the same tax rate as other companies will lead to the destruction of Europe, according to its not-entirely objective CEO Tim Cook.

"This would strike a devastating blow to the sovereignty of EU member states over their own tax matters, and to the principle of certainty of law in Europe," Cook said in a statement, adding: "Beyond the obvious targeting of Apple, the most profound and harmful effect of this ruling will be on investment and job creation in Europe."

On Tuesday, the electronics giant was hit with a massive $14.5 billion tax bill following a two-year investigation into the unusual arrangement Apple had reached with the Irish tax authorities that saw it pay an extraordinary 0.005 per cent tax rate in 2014.


I predict that Trumpkins will conveniently forget their master's call for a boycott of Apple and yip their anger at the EU like the loyal little lapdoggies they are.


http://www.theregister.co.uk/2016/08/30/making_us_pay_tax_will_tear_europe_asunder_roars_apples_cook/
 
people supporting clinton should have no problem with apple paying nothing :) After globalization and open borders right! :)
 
Legion Troll said:
apple-tax.jpg


Forcing Apple to pay the same tax rate as other companies will lead to the destruction of Europe, according to its not-entirely objective CEO Tim Cook.

"This would strike a devastating blow to the sovereignty of EU member states over their own tax matters, and to the principle of certainty of law in Europe," Cook said in a statement, adding: "Beyond the obvious targeting of Apple, the most profound and harmful effect of this ruling will be on investment and job creation in Europe."

On Tuesday, the electronics giant was hit with a massive $14.5 billion tax bill following a two-year investigation into the unusual arrangement Apple had reached with the Irish tax authorities that saw it pay an extraordinary 0.005 per cent tax rate in 2014.


I predict that Trumpkins will conveniently forget their master's call for a boycott of Apple and yip their anger at the EU like the loyal little lapdoggies they are.


http://www.theregister.co.uk/2016/08/30/making_us_pay_tax_will_tear_europe_asunder_roars_apples_cook/
Click to expand...

AUDIO-EU responds to criticisms http://cms.marketplace.org/node/158966/player/popout

But why would we do that? What we are looking at is state aid to U.S. companies, European companies, big companies, small companies, no matter what you do or where you belong. If you are in the single market of the European Union, well, then we have the same rules for everyone because we want fair competition. That is the reason why we do things; it would make no sense to pick on anyone.

Uncle Obama & American taxpayers don't want them to pay Irish taxes either-> Cause they will write it off what they owe here in THE USA!!!!

What a racket the crook cook has working for him.. Mulit-Nationals play one off the other while we build the roads, bridges & feed the poor..

 
You must log in or register to reply here.
Back
Top