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First of all, nothing has been settled. This is just escrow, both Apple and Ireland are appealing. Second, what Apple did was both legal and ethical. It had $2
by valuearb 9y ago
First of all, nothing has been settled. This is just escrow, both Apple and Ireland are appealing.
Second, what Apple did was both legal and ethical. It had $200B in cash that it had already paid taxes on to the countries where it was earned. Ireland offered them a near zero tax rate on the interest it would earn if they deposited it in Irish banks. That was a great deal for Ireland, and a good deal for Apple, and hurt no one.
- matt4077 9y ago> and hurt no one. It hurt whatever country didn't participate in Ireland's race to the bottom, and would have been Apple's preferred base of operations when ignoring tax issues.
- valuearb 9y agoThere is no race to the bottom on bank deposits, Apple already paid taxes on these earnings to every european country.
- ainiriand 9y agoIt hurts because it adds to the already big amount of inequality in this country (Ireland). Me, as a software engineer, I am pretty much accommodated economically but you should see the amount of junkies and homeless people in this town. It is shocking.