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They are setting up an example for other companies doing same. Fuck with EU taxes, we will fuck you up (and lets be honest here, 13 billions absolutely nothing
by jajko 2y ago
They are setting up an example for other companies doing same. Fuck with EU taxes, we will fuck you up (and lets be honest here, 13 billions absolutely nothing for Apple given 500+ million wealthy market they cater to).
Law often does that to perpetrators. Ireland tried to save the shady deal by refusing the money it should have received (corruption in plain sight, with these sums its not unexpected it goes to highest places plus something about saving nation's public face), so this is how they got about it.
Not sure its 100% best process but overall a very good move and precedent for future.
- mdhb 2y ago€13,000,000,000 is not “absolutely nothing”. It’s almost twice the entire EU defence fund budget. And just to be clear.. this is really an example of how badly Apple were actively robbing society through their tax avoidance bullshit.
- InsomniacL 2y ago> It’s almost twice the entire EU defence fund budget. The EU defence spend in 2022 was €240 billion.
- mdhb 2y agoThat’s very interesting but not what I said. https://defence-industry-space.ec.europa.eu/eu-defence-industry/european-defence-fund-edf-official-webpage-european-commission_en https://defence-industry-space.ec.europa.eu/eu-defence-indus...
- noname120 2y agoTrue, but IMO it's a bit misleading because you were using as a point of comparison something that sounded like the military budget of Europe without specifying that it's something completely different (that people probably never heard of — at least I didn't and neither did my grandparent). I'm not saying it's intentional or anything, just wanted to point it out.
- InsomniacL 2y agoIf you're referring to a single pot of money that exists to support Research and Development, you would typically refer to that as "The European Defence Fund" as "entire EU defence fund budget" would be interpreted differently.
- tankenmate 2y agoThat is the amount spent by EU member states on defence; not what the EU itself spent.
- roel_v 2y ago"13 billions absolutely nothing for Apple" LOL no there is not a single company or person in the world for whom 13 BILLION dollars is 'absolutely nothing'.
- InsomniacL 2y ago> LOL no there is not a single company or person in the world for whom 13 BILLION dollars is 'absolutely nothing'. Apple's revenue last year alone was $383 Billion.
- tmtvl 2y agoIsn't that more than the EU defence budget from 2022? Not gonna lie, I'm kinda a little scared now. I realise that there's less than a 1 in 1 billion chance Apple is gonna set up its own military and attack the EU, but still...
- roel_v 2y agoCombined defense budgets of all individual member states was 214 billion in 2023. That's 'spending budget', not revenue like the 300 something billion of Apple's revenue cited above.
- tankenmate 2y agoThe EU doesn't have "defence budget", the EU isn't a sovereign country, the EU doesn't have any armed forces. What EU does have is the European Defence Agency (EDA) which is a body that organises collective projects and coordination on behalf of its members. The EDA's budget in 2023 was €44.8Bn.
- noname120 2y agoThis means 3.39% of their worldwide revenue, and an even bigger share of their profits. It's not negligible at all, even though it's just collecting taxes late without a penalty.