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Let’s see how much of these fines actually get paid.
by jdalgetty 2y ago
Let’s see how much of these fines actually get paid.
- TheFragenTaken 2y agoThere's nothing regarding Google in the article, but it is specifically mentioned that Apple's back taxes are already in escrow.
- throw310822 2y agoSince 2018. Can't help thinking that if with that money they had bought Apple shares, it would be now 3 times more.
- martimarkov 2y agoIt would kinda be funny if they did as they probably not want Apple to get fined as now they’d be shareholders
- zelphirkalt 2y agoWould also be funny, if they were allowed to increase the penalty, based on how much they could have done with that money during that time. Opportunity cost.
- r00fus 2y agoThe back taxes accrue interest - IIRC like €1.2B
- raverbashing 2y agoEven at their market cap, I don't think this would be trivial to operationalize
- tivert 2y ago> Since 2018. Can't help thinking that if with that money they had bought Apple shares, it would be now 3 times more. If only they could have known the stock price six years into the future, they'd have made a killing in the stock market!
- gopkarthik 2y agoWhat's ironic is that the escrow account is now lesser because they used that money to buy eurozone government bonds which have since fallen. From https://www.ft.com/content/d6b7d0fd-a41b-45a9-a830-9cacb10c5151 https://www.ft.com/content/d6b7d0fd-a41b-45a9-a830-9cacb10c5... > The total in the account has fallen from the original €14.3bn set aside in 2018, as the money was invested in eurozone government bonds, which have dropped in value.
- deleted 2y ago[deleted]
- oliwarner 2y agoApple already has €1.2bn interest on top of their 2016 ruling. They could probably try to keep this in courts but it seems unlikely they'll get further hearings on this now.