3 ms·

... apple clearly evades tax in all markets in europe http://europa.eu/rapid/press-release_IP-17-3702_en.htm http://europa.eu/rapid/press-release_IP-17-3702_en

by ehllo 9y ago

... apple clearly evades tax in all markets in europe http://europa.eu/rapid/press-release_IP-17-3702_en.htm http://europa.eu/rapid/press-release_IP-17-3702_en.htm

valuearb 9y ago
Apple needs to keep it's international after tax profits out of the US or it will be forced to pay another 40%+ in taxes on them. So it puts them in Ireland, because Ireland gave it a great tax rate, less than 1%. What should the tax rate be on the interest from billions in savings? Apple isn't' forcing Ireland to build roads or spend any government moneys to allow it to make Irish bank deposits. it's a completely legal arrangement for both Ireland and Apple. It's crap like this that forced the UK out of the EU. Nothing the EU does is going to force Apple to move it's savings to Germany or France so they can impose high taxes on their interest. That cash will go to Asia first.
- ehllo 9y ago
  The only purpose of Aggressive tax planning is the reduction of tax liabilities. To make a long story short - it is about exploiting and overstrain one system or more systems by outplaying one against the other. http://www.europarl.europa.eu/RegData/etudes/STUD/2015/558773/EPRS_STU(2015)558773_EN.pdf http://www.europarl.europa.eu/RegData/etudes/STUD/2015/55877... How agressive tax planning works: http://www.europarl.europa.eu/RegData/etudes/IDAN/2015/563446/IPOL_IDA(2015)563446_EN.pdf http://www.europarl.europa.eu/RegData/etudes/IDAN/2015/56344... https://ec.europa.eu/taxation_customs/sites/taxation/files/resources/documents/taxation/gen_info/economic_analysis/tax_papers/taxation_paper_61.pdf https://ec.europa.eu/taxation_customs/sites/taxation/files/r...
  - valuearb 9y ago
    Apples tax planning is no more “aggressive” than a person not taking money out of a retirement account. The US allows taxes to be deferred (not avoided, deferred) on foreign earnings until they are brought back in the US. That’s all Apple is doing, parking their after tax foreign profits in the cheapest location possible until the US fixes its awful tax code.
    - ehllo 9y ago
      Sorry, but we are talking about evading tax in europe and that apple and many other big corps are doing this with aggressive tax planning is an undeniable and occupied fact. No offense, but you just try to "wash out" the discussion in the "whole tread" with the same generalized arguments over and over again - by simply deny the fact. Talking any further make no sense.
      - valuearb 9y ago
        Explain then how they are "evading" tax? Every explanation attempted ends up back at "well what they are doing is legal, but they should voluntarily pay more". Just like the linked editorial. Apple actually has a large reserve for taxes it owes when it repatriates it's foreign profits. It's choosing to legally defer that tax by waiting, just like a private citizen defers taxes by not selling profitable stocks before the end of the year, or by keeping money in their 401K instead of withdrawing it. Deferral isn't evasion. It's an important legal part of the tax system to incentivize savings.

by ehllo 9y ago

... apple clearly evades tax in all markets in europe http://europa.eu/rapid/press-release_IP-17-3702_en.htm http://europa.eu/rapid/press-release_IP-17-3702_en.htm

valuearb 9y ago

Apple needs to keep it's international after tax profits out of the US or it will be forced to pay another 40%+ in taxes on them. So it puts them in Ireland, because Ireland gave it a great tax rate, less than 1%. What should the tax rate be on the interest from billions in savings? Apple isn't' forcing Ireland to build roads or spend any government moneys to allow it to make Irish bank deposits. it's a completely legal arrangement for both Ireland and Apple. It's crap like this that forced the UK out of the EU. Nothing the EU does is going to force Apple to move it's savings to Germany or France so they can impose high taxes on their interest. That cash will go to Asia first.

ehllo 9y ago
The only purpose of Aggressive tax planning is the reduction of tax liabilities. To make a long story short - it is about exploiting and overstrain one system or more systems by outplaying one against the other. http://www.europarl.europa.eu/RegData/etudes/STUD/2015/558773/EPRS_STU(2015)558773_EN.pdf http://www.europarl.europa.eu/RegData/etudes/STUD/2015/55877... How agressive tax planning works: http://www.europarl.europa.eu/RegData/etudes/IDAN/2015/563446/IPOL_IDA(2015)563446_EN.pdf http://www.europarl.europa.eu/RegData/etudes/IDAN/2015/56344... https://ec.europa.eu/taxation_customs/sites/taxation/files/resources/documents/taxation/gen_info/economic_analysis/tax_papers/taxation_paper_61.pdf https://ec.europa.eu/taxation_customs/sites/taxation/files/r...
- valuearb 9y ago
  Apples tax planning is no more “aggressive” than a person not taking money out of a retirement account. The US allows taxes to be deferred (not avoided, deferred) on foreign earnings until they are brought back in the US. That’s all Apple is doing, parking their after tax foreign profits in the cheapest location possible until the US fixes its awful tax code.
  - ehllo 9y ago
    Sorry, but we are talking about evading tax in europe and that apple and many other big corps are doing this with aggressive tax planning is an undeniable and occupied fact. No offense, but you just try to "wash out" the discussion in the "whole tread" with the same generalized arguments over and over again - by simply deny the fact. Talking any further make no sense.
    - valuearb 9y ago
      Explain then how they are "evading" tax? Every explanation attempted ends up back at "well what they are doing is legal, but they should voluntarily pay more". Just like the linked editorial. Apple actually has a large reserve for taxes it owes when it repatriates it's foreign profits. It's choosing to legally defer that tax by waiting, just like a private citizen defers taxes by not selling profitable stocks before the end of the year, or by keeping money in their 401K instead of withdrawing it. Deferral isn't evasion. It's an important legal part of the tax system to incentivize savings.