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Apple finally pays a ton of tax
- deleted 9y ago[deleted]
- lemuurd 9y agowhat about the their EU taxes?
- Isamu 9y agoApple is now putting that money (US$16B) into escrow while they and the Ireland govt await their appeals to the EU committee ruling.
- charlesdm 9y agoThis tax holiday came at exactly the right time for Apple. At least the EU can't use the argument anymore that they're not paying tax anywhere. Apple's argument that they merely defer, not avoid, tax will have a lot more merit now in court. I'm relatively certain the EU won't win this one, but we'll see.
- Isamu 9y agoI think the EU committee "wins" either way, because reportedly Ireland was sufficiently pressured by this bad publicity to change its tax law. Legal or not, the public perception is negative.
- charlesdm 9y agoYou mean in other member states? I can’t imagine public perception to be negative in Ireland, given it brings in a ton of jobs and some tax revenue. This overall is a ridiculous situation. EU member states can’t have it both ways. On the one hand they want to crack down on excessive avoidance, on the other hand they want to create interesting tax regimes and interesting tax breaks.. well, that’s what happens. They need to somehow consolidate the tax base, but that will be bad for small member states. It will probably never really happen.
- coolso 9y agoMisleading headline. Apple already pays more US taxes than any other business.