We have €15 Billion Apple Cash in the Bank Go Get it Now! Help Ireland To Fight The Economic Fallout From Coronavirus Disease Pandemic



Disillusioned democrat

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I'd tend to agree - like all consumer businesses, Apple needs consumers and right now governments are spending money they haven't budgeted for saving the lives of these consumers (aka citizens). When you follow the "future value" of each CV19 "survivor" to Apple, Sony, Microsoft, Google, Amazon, etc., it's not as mad as it seems as the main beneficiaries will be the businesses that continue to thrive after CV19 has been expensively eradicated.
 

blinding

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artfoley56

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ShoutingIsLeadership

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its in an escrow account and cant be touched until the case is over. its not like having it in a current account with an ATM card
The State just need drop the case, no? My recollection was that the State, not Apple, took the case.

I expect you are more familiar with the case
 

Watcher2

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YouKnowWhatIMeanLike

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But it is not ours, it never was. Even if the EU were correct, that 13bn would not be ours. It would be uncollected taxes in other countries.
so what, that's not the reading of the ruling. It's our money the EU just wants us to collect the taxes at regular rates. We can do so now and no need to stop with Apple. they wont mind they new all along that they would have to. 12.5% is still the best deal around.
 

Watcher2

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so what, that's not the reading of the ruling. It's our money the EU just wants us to collect the taxes at regular rates. We can do so now and no need to stop with Apple. they wont mind they new all along that they would have to. 12.5% is still the best deal around.
Based purely on rates alone, no we are not.

As for your "so what" comment, jesus wept.
 

Watcher2

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what's more important to you now the well being of the Irish people in need or some tax avoiding electronics companies and tech billionaires?
There is money to be got from legitimate sources rather than stealing what is not ours.

But its good to know your level of integrity.
 

YouKnowWhatIMeanLike

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you'e correct that the state could drop it, cant see that happening though
at least present them with the bill on the way out, they are well aware of the fact that there is no such thing as a free lunch after all. we could look at another €30 to €40 billion in the short term. if the euro doesn't survive this mess it will be nada.
 

Round tower

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so what, that's not the reading of the ruling. It's our money the EU just wants us to collect the taxes at regular rates. We can do so now and no need to stop with Apple. they wont mind they new all along that they would have to. 12.5% is still the best deal around.
A fallback position of the EU Commission's State aid case is that if ASI is not an Irish company, then it was a "stateless" company (given it was "legally" registered in Ireland), and Apple has been remitting royalty payments from EU–28 countries to a company in a jurisdiction with no EU tax treaty. Apple would, therefore, owe back-taxes to each individual EU country, from which these royalties were paid (and not to Ireland). As all other EU countries have corporation tax rates materially in excess of Ireland's 12.5% corporation tax rate, the total Apple effective taxes owned, in this scenario, would be materially in excess of €13 billion. Margrethe Vestager appealed to individual EU taxing authorities to assess this aspect of Apple's State aid case for themselves, on a case by case bases

EU illegal State aid case against Apple in Ireland - Wikipedia

That is the ruling, the ruling said that Apple owed Ire. 13bl in back taxes but if other countries of the EC is owed part of that money they have to follow us for the money, it's thought that we ccould end up with less than 1/2
 

NYCKY

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we have €13 billion, plus interest, in unpaid Irish taxes from 2004–14 to the Irish state by Apple in the bank waiting for us. Go and take that money now to help the Irish people!


If Apple is forced to fork over the money after the appeals, many other EU countries running with their hands out looking for their "fair share" of that. Ireland wouldn't see any thing like E13 or 14 billion.

Also from your own link

However, in § Understanding Irish decision, US–controlled multinationals are 25 of Ireland's top 50 companies; pay over 80% of all Irish corporate taxes (circa €8 billion per annum);[20] directly employ 10 per cent of the Irish labour force which rises to 23 per cent when public sector, agri and finance jobs are excluded [21][22] (and indirectly pay half of all Irish salary taxes); and are 57 per cent of all non-farm OECD value-add in the Irish economy.

For example, in 2016–17, US–controlled multinationals in Ireland:

  • Directly employed one–quarter of the Irish private sector workforce;[22]
  • Created "higher-value" jobs at an average wage of €85k (€17.9 billion wage roll for 210,443 staff) vs. Irish domestic industrial wage of €35k;[82]
  • Paid €28.3 billion in 2016 in taxes (€5.5 billion), wages (€17.9 billion on 210,443 staff) and capital spending (€4.9 billion);[21][82]
  • Paid 80 per cent of Irish corporation and business taxes, which totalled just over €8 billion;[20]
The loss of the appeal would sharply lower Irelands position as an attractive place to do business. Now is certainly not the time for Ireland to bite the hand that's feeding it.
 

YouKnowWhatIMeanLike

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A fallback position of the EU Commission's State aid case is that if ASI is not an Irish company, then it was a "stateless" company (given it was "legally" registered in Ireland), and Apple has been remitting royalty payments from EU–28 countries to a company in a jurisdiction with no EU tax treaty. Apple would, therefore, owe back-taxes to each individual EU country, from which these royalties were paid (and not to Ireland). As all other EU countries have corporation tax rates materially in excess of Ireland's 12.5% corporation tax rate, the total Apple effective taxes owned, in this scenario, would be materially in excess of €13 billion. Margrethe Vestager appealed to individual EU taxing authorities to assess this aspect of Apple's State aid case for themselves, on a case by case bases

EU illegal State aid case against Apple in Ireland - Wikipedia

That is the ruling, the ruling said that Apple owed Ire. 13bl in back taxes but if other countries of the EC is owed part of that money they have to follow us for the money, it's thought that we ccould end up with less than 1/2
again that's not the reading of the ruling and an added big but. the fact is that Apple has to pay 12.5% in Ireland and they did not. That has nothing to do with not paying its fair share of tax in other European countries and beyond. btw Round tower even 1/2 would be around €7bn, not too shabby. stop defending the indefensible
 

YouKnowWhatIMeanLike

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If Apple is forced to fork over the money after the appeals, many other EU countries running with their hands out looking for their "fair share" of that. Ireland wouldn't see any thing like E13 or 14 billion.

Also from your own link

The loss of the appeal would sharply lower Irelands position as an attractive place to do business. Now is certainly not the time for Ireland to bite the hand that's feeding it.
F'ing unbelievable, we can actually see here how you would literally let the Irish people perish before you even start to consider to collect a fair share of taxes from the wealthiest individuals and corporations in the world who are based in Ireland for tax reasons only .......
 


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