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Somehow Ireland gets a 13 billion euro payday for illegally subsidising Apple so they do business in Ireland.

piltdownman 2y ago
<facepalm> You realise these are American companies exploiting American laws to circumvent their tax burden while operating as MNCs in Europe? The notion of Ireland somehow getting a '13 billion payday' due to malfeasance or illegality is fantastical beyond belief.
- EduardoBautista 2y ago
  All the tax law says that if they bring the money to the US, they have to pay US taxes. So they just don’t bring it to the US. There is no US law that requires you to move the money.
- InsomniacL 2y ago
  "According to Commission estimates, Ireland had given illegal tax benefits worth €13 billion to Apple" - ECJ Ireland gave illegal tax breaks to attract business from other countries which it succeeded in, and now also gets the tax back. > fantastical beyond belief You might disagree with something I've said but it's certainly not "fantastical beyond belief"
- Wytwwww 2y ago
  > MNCs in Europe? Why would you expect them to pay corporate taxes on all the income they make outside of the US? Would hardly make much sense...
Rinzler89 2y ago
The issue isn't with Ireland per se, as if Ireland wouldn't do it, then Netherlands, Luxembourg, Cyprus, Bulgaria or someone else will gladly take Apple's 13 billion at the expense of the other members of union. The right fix would be EU wide legislation to prevent EU member states of fighting against each other on who can screw over the taxpayers by providing the biggest tax breaks in exchange for corporations' bread crumbs in a race to the bottom, as this causes all EU taxpayers to loose and corporations to win, and then we wonder why we have no money for education, healthcare and infrastructure. Well of course we don't if you help big companies avoid paying tax and then your state budget relies only collecting tax from citizens and small business who can't dodge taxes.
- pulse7 2y ago
  Making a tax deal to pay only 1% or 0.005% for a specific company is an illegal aid - regardless of the EU member country ...
  - zoobab 2y ago
    I remember that Ireland had a 0% tax on patent royalties till 2015, and till 2020 for companies that used the scheme before.

<facepalm> You realise these are American companies exploiting American laws to circumvent their tax burden while operating as MNCs in Europe? The notion of Ireland somehow getting a '13 billion payday' due to malfeasance or illegality is fantastical beyond belief.

EduardoBautista 2y ago
All the tax law says that if they bring the money to the US, they have to pay US taxes. So they just don’t bring it to the US. There is no US law that requires you to move the money.
InsomniacL 2y ago
"According to Commission estimates, Ireland had given illegal tax benefits worth €13 billion to Apple" - ECJ Ireland gave illegal tax breaks to attract business from other countries which it succeeded in, and now also gets the tax back. > fantastical beyond belief You might disagree with something I've said but it's certainly not "fantastical beyond belief"
Wytwwww 2y ago
> MNCs in Europe? Why would you expect them to pay corporate taxes on all the income they make outside of the US? Would hardly make much sense...

Rinzler89 2y ago

The issue isn't with Ireland per se, as if Ireland wouldn't do it, then Netherlands, Luxembourg, Cyprus, Bulgaria or someone else will gladly take Apple's 13 billion at the expense of the other members of union. The right fix would be EU wide legislation to prevent EU member states of fighting against each other on who can screw over the taxpayers by providing the biggest tax breaks in exchange for corporations' bread crumbs in a race to the bottom, as this causes all EU taxpayers to loose and corporations to win, and then we wonder why we have no money for education, healthcare and infrastructure. Well of course we don't if you help big companies avoid paying tax and then your state budget relies only collecting tax from citizens and small business who can't dodge taxes.

pulse7 2y ago
Making a tax deal to pay only 1% or 0.005% for a specific company is an illegal aid - regardless of the EU member country ...
- zoobab 2y ago
  I remember that Ireland had a 0% tax on patent royalties till 2015, and till 2020 for companies that used the scheme before.