Apple tax: Irish cabinet to appeal EU Commission ruling

[MowCowWhoHow III]

Source: BBC

The Republic of Ireland's cabinet has agreed to appeal the European Commission's ruling that Ireland granted undue tax benefits of up to €13bn (£11bn) to Apple.

The decision was taken after a half-hour meeting of the cabinet.

The Irish government previously said it "disagrees profoundly" with the ruling.

Apple chief executive Tim Cook said he was "very confident" the ruling would be overturned on appeal. He called the European Commission's decision "maddening" and "political".

Read more: http://www.bbc.co.uk/news/world-europe-37251084?ns_mchannel=social&ns_campaign=bbc_breaking&ns_source=twitter&ns_linkname=news_central

[turbinetree]

1. Now we, the middle class, the working poor and the entire world again will be able to see how

a government, pardon the expression screws everyone, because someone is going to have for pay for that tax, either by wage cuts, health cuts, infrastructure loss, education cuts, environmental cuts, you name it, some one is going to pay and Apple and others don't want to pay.

http://www.macworld.co.uk/news/apple/apple-q3-2016-financial-results-iphone-mac-sales-down-3581769/

"Apple earnings report Q3 2016: Summary
For Q3 2016, the quarter ended June 2016, Apple reports:

Quarterly revenue of $42.4 billion, compared to revenue of $49.6 billion in the equivalent quarter a year ago.
Quarterly net income (profit) of $7.8 billion, or $1.42 per diluted share, compared to profit of $10.7 billion, or $1.85 per diluted share a year ago
Gross margin of 38 percent, compared to 39.7 percent a year ago
International sales accounted for 63 percent of the quarter's revenue.
Apple's board of directors has declared a cash dividend of $.57 per share of common stock. The dividend is payable on 11 August."


Mind you this is just for one quarter

Last fiscal year they made : 234 Billion dollars

http://www.apple.com/pr/library/2015/10/27Apple-Reports-Record-Fourth-Quarter-Results.html


Apples Ireland "tax rate" .0005%

https://www.theguardian.com/business/2016/aug/30/eu-apple-ireland-tax-ruling-q-and-a


An while Cook is fretting about paying whats fair-----------------his company and "others" are still screwing the taxpayers in this country and we get to subsidize our roads, police force, ect....... so that he and other can off shore there profits, because of a corrupt Congress and Wall Street and not pay for the roads, schools, police, fire departments ect......

[OnDoutside]

2. The US Government (on both sides) could sort this out if they wanted to.

[turbinetree]

3. If

And yes that is the 15.5 billion dollar "question' "if" they wanted too, not going to hold my collective breath

I just can't imagine that companies like Apple and others which hold a collective 3 trillion dollars in off shore account are going to pay, they are going to whine until the cows come home.

Now, if you go into Delaware and Wyoming, for example they are the new tax havens, that says it all. Set up a mail box drop in these two states for example just like the Cayman Islands and your set.
You set up the corporation in another country, you have your scam just like some of the major ones in this country, and then the ultimate slap in the face set up a mail drop here so that you don't have to pay the tax over there, in the country yo have your tax haven.
Its like one big bouncing red ball going from one country to other and playing one country against the other, and it never stops, but they are always scoring-------------amazing

If I are you were to do this we would be in jail, just like if you have a real estate licence like the drumpfsterr he gets to depreciation his towers, give himself a salary and pay no taxes off the building, try this with the IRS on your home and see how far it would go--------------for you and me, and our Congress lets him and others legally get away with it--------------amazing--------someone gotta pay that tax, and its not him, Apple, GE, Wells Fargo, Phizer, for example

[olddad56]

4. why would Apple 'want' to pay it.

If the IRS invoked a higher tax rate and made it retroactive, would you want to pay that back tax? I don't think so.