Apple owe 13bn in back taxes to Ireland according to the EU

[Cherie]

But The Irish Government don't want it, hard to blame them I guess as they have an agreement with Apple as they employ 5000 people in Cork with an I Tunes base planned to move there in the future



Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled.
After a three-year investigation, it has concluded that the US firm's Irish tax benefits are illegal.
The Commission said Ireland enabled the company to pay substantially less than other businesses, in effect paying a corporate tax rate of no more than 1%.
Ireland and Apple both said they disagreed with the record penalty and would appeal against it.
Apple reaction: Live updates
Apple tax ruling 'a serious blow'
Rory Cellan-Jones: EU takes on Apple, Ireland and the US
"Member states cannot give tax benefits to selected companies - this is illegal under EU state aid rules," said Commissioner Margrethe Vestager.
"The Commission's investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years," she added.
The standard rate of Irish corporate tax is 12.5%. The Commissions's investigation concluded that Apple had effectively paid 1% tax on its European profits in 2003 and about 0.005% in 2014.
Ms Vestager said that the tax agreement reached between Ireland and Apple meant that the company's taxable profits "did not correspond to economic reality".
'Profound and harmful effect'
Apple said the decision would be harmful for jobs.
"The European Commission has launched an effort to rewrite Apple's history in Europe, ignore Ireland's tax laws and upend the international tax system in the process," the company said in a statement.
"The Commission's case is not about how much Apple pays in taxes, it's about which government collects the money. It will have a profound and harmful effect on investment and job creation in Europe.
"Apple follows the law and pays all of the taxes we owe wherever we operate. We will appeal and we are confident the decision will be overturned."

[user104658]

Not Apple owing Our Niamh money :fist:

[Niamh.]

Not good for us at all

[Cherie]

Not good for us at all

Germany would like Apple relocated there no doubt :idc:

[Niamh.]

Germany would like Apple relocated there no doubt :idc:

hhhmmm

[Cherie]

As a member state or not the government should have control over how it collects taxes, there isn't a set rate of tax across the EU

[Niamh.]

As a member state or not the government should have control over how it collects taxes, there isn't a set rate of tax across the EU

Absolutely

[Cherie]

I might be over simplifying this but it took the EU 3 years to come to this conclusion :hehe: A few quick phone calls and a calculator should have done the job :unsure:

[arista]

Yes both Ireland
and Apple Corp are to appeal.

http://e3.365dm.com/16/08/536x302/a947238ef1c5a83a8a8edb5d27abc8818a61280f6b584c51d9 d01b91a3fae49d_3775504.jpg?20160830102659

[arista]

I might be over simplifying this but it took the EU 3 years to come to this conclusion :hehe: A few quick phone calls and a calculator should have done the job :unsure:


EU is Fecking Corrupt

[Niamh.]

I might be over simplifying this but it took the EU 3 years to come to this conclusion :hehe: A few quick phone calls and a calculator should have done the job :unsure:

They could have rang me and I would have let them know :laugh:

[Cherie]

They could have rang me and I would have let them know :laugh:


We will have to pass on your details to Jean Claude so he can save a few euros in the future :laugh:

[bots]

As a member state or not the government should have control over how it collects taxes, there isn't a set rate of tax across the EU

yes, but the EU is based upon fair trade rules, and one can't favour some companies over others on things like tax :laugh:

[Tom4784]

Not Apple owing Our Niamh money :fist:

Grab those coins Niamh :clap1:

[user104658]

You know... if you calculate it as there being 4.5 million people in Ireland... Apple personally owes Niamh nearly 3000 euros! Maybe they'll give iTunes credit?

[Niamh.]

You know... if you calculate it as there being 4.5 million people in Ireland... Apple personally owes Niamh nearly 3000 euros! Maybe they'll give iTunes credit?

I would like a new phone actually :think: maybe an Ipad as well

[Crimson Dynamo]

Apple will a peal this

personally i am shocked t' core

[Cherie]

Apple will a peal this

personally i am shocked t' core

Is it giving you the pip

[Crimson Dynamo]

Is it giving you the pip

I am just worried about Apple's turnover

is all

[Cherie]

I am just worried about Apple's turnover

is all

Hopefully they won't crumble

[Niamh.]

They need to make an Apple pie chart to see where they're at

[Johnnyuk123]

Take the 13 billion as that amount would easily create more than 5000 jobs.

[user104658]

Take the 13 billion as that amount would easily create more than 5000 jobs.

5000 jobs? You could just straight up GIVE 10,000 people 1.3 million euros. **** the jobs.

[Niamh.]

5000 jobs? You could just straight up GIVE 10,000 people 1.3 million euros. **** the jobs.



Me please :hee:

[Cherie]

5000 jobs? You could just straight up GIVE 10,000 people 1.3 million euros. **** the jobs.

Yes that would really help the Irish economy in the long run ..not!

[arista]

Take the 13 billion as that amount would easily create more than 5000 jobs.


Great live debate
was just on Ch4HD News


Pay up the €13 Billion
or Ireland - LEAVE THE €
Fact

[Niamh.]

Great live debate
was just on Ch4HD News


Pay up the €13 Billion
or Ireland - LEAVE THE €
Fact

I think we'd rather keep Apple in Ireland than have the money

[Cherie]

Listening to a debate on this on 5 live, there's a lot of jealousy that Apple European HQ are in Ireland :hehe::hee:

[joeysteele]

I always think companies should pay due taxes whatever they may be to any Country they are owed to and which the Companies are in.

However if the govt of said Country is content with whatever arrangement is in place then weighing up the long term as to the short term should also be factors for that govt.

If the Irish govt are content, leave things be I would say.

[arista]

Listening to a debate on this on 5 live, there's a lot of jealousy that Apple European HQ are in Ireland :hehe::hee:


Yes Great Debate on Radio 5
but it appears Apple USA can pay the money
it will not effect their Massive Balance



So Apple - Pay the Money
and stop this silly fecking about

[Cherie]

There is a silly cow on there now saying Ireland had the option to exit the EU, someone can't tell their North from their South :idc:

[bots]

There is a silly cow on there now saying Ireland had the option to exit the EU, someone can't tell their North from their South :idc:

well ... it is Ireland ..... sorry Niamh :hehe:

[Niamh.]

well ... it is Ireland ..... sorry Niamh :hehe:

Cherie is Irish too :nono:

[user104658]

There is a silly cow on there now saying Ireland had the option to exit the EU, someone can't tell their North from their South :idc:

Which one is the one with the potatoes? :conf:

[Niamh.]

Which one is the one with the potatoes? :conf:

Ireland is 100% united on the Potato front

[user104658]

Ireland is 100% united on the Potato front
There need never have been any fighting!

[Niamh.]

There need never have been any fighting!

You say that like the North and South were fighting eachother and not that country across the water who tore us in two in the first place :hee:

[Cherie]

Which one is the one with the potatoes? :conf:


I might need to see the TiBB psychologist after this crass remark..the memory of the potato famine must never be sullied ..can we eject TS ?

[Cherie]

Ireland is 100% united on the Potato front

:hee:

[arista]

Cherie is Irish too :nono:


Yes but in England
the better place

[Niamh.]

Yes but in England
the better place

I don't think so sonny jim

[arista]

You are part of the Sinking Ship € money


Cherie is in the safer £
and $ zone

[billy123]

The obvious problem is that if you want to be a small island operating as a tax haven for multi billion pound corporations and survive as a nation profiting from their kickbacks,donations and favours that is fine go ahead and base your economy on that but you wont be able to be part of the EU.

Ireland cant have it both ways its either a tax haven or an EU member they have to choose. The EU are well within their rights to demand that their members operate within their guidelines that were set out and agreed upon before becoming members.

[arista]

"Ireland cant have it both ways its either a tax haven or an EU member they have to choose. The EU are well within their rights to demand that their members operate within their guidelines that were set out and agreed upon before becoming members"


Bang On Right bob

[Niamh.]

The obvious problem is that if you want to be a small island operating as a tax haven for multi billion pound corporations and survive as a nation profiting from their kickbacks,donations and favours that is fine go ahead and base your economy on that but you wont be able to be part of the EU.

Ireland cant have it both ways its either a tax haven or an EU member they have to choose. The EU are well within their rights to demand that their members operate within their guidelines that were set out and agreed upon before becoming members.

Perhaps but aren't the EU shooting themselves in the foot here by making all those companies leave Ireland, we're probably going to need more bailouts that they'll have to give us

[billy123]

Perhaps but aren't the EU shooting themselves in the foot here by making all those companies leave Ireland, we're probably going to need more bailouts that they'll have to give usThey aren't making them leave Ireland at all :shrug:
They are asking Apple to operate legally in Ireland a country that has chosen to give their consent to the EU to apply their laws.
Ireland dont get to pick and choose which EU laws to obey any problems you have with them then its up to Ireland to eiher comply or leave.

[Niamh.]

They aren't making them leave Ireland at all :shrug:
They are asking Apple to operate legally in Ireland a country that has chosen to give their consent to the EU to apply their laws.

You know exactly what I meant by that. If big companies like Apple and Google don't get big tax breaks here they'll just move to somewhere where they will get them

[billy123]

You know exactly what I meant by that. If big companies like Apple and Google don't get big tax breaks here they'll just move to somewhere where they will get themThen thats a problem with Ireland being in the EU if its too much of a problem for them they should leave.
Like i said if Ireland want to be a tax haven then being in the EU isnt an option.

[Niamh.]

Then thats a problem with Ireland being in the EU if its too much of a problem for them they should leave.

You see what just happened here, we've come full circle in the space of 5 posts :laugh:

Perhaps but aren't the EU shooting themselves in the foot here by making all those companies leave Ireland, we're probably going to need more bailouts that they'll have to give us

[Cherie]

Then thats a problem with Ireland being in the EU if its too much of a problem for them they should leave.
Like i said if Ireland want to be a tax haven then being in the EU isnt an option.

The UK gives tax breaks to the film and creative industry all under the umbrella of the EU, Apple is being looked at purely because of its financial clout and because it's presence attracts other companies, the jealousy this has do stirred up is priceless, considering the Uk voted out of the EU it's no longer your business :hehe:

[billy123]

You see what just happened here, we've come full circle in the space of 5 posts :laugh:Probably :dance:
I hope Ireland Leave the EU.
I am in no way knocking the way Ireland operate my problem is with the EU and this is why i voted for the UK to leave!
(no matter how many sweaty middle aged student hippys try and tell me anybody that wanted to leave the EU is a racist) :laugh:
My entire problem with the EU is the amount of control they hold over finance and lawmaking decisions.

[Niamh.]

Probably :dance:
I hope Ireland Leave the EU.
I am in no way knocking the way they operate my problem is with the EU and this is why i voted for the UK to leave no matter how many sweaty middle aged student hippys try and tell me anybody that wanted to leave the EU is a racist :laugh:
My entire problem with the EU is the amount of control they hold over finance and lawmaking decisions.

Well, this is not a good move on their part if they want to make sure we stay (or maybe they don't actually care either way :laugh: ) They weren't very understanding of our position with Northern Ireland either now they're leaving the EU

[bots]

the real issue is with large corporations effectively blackmailing countries. If you want these jobs, then we want this tax rate. That has to stop, so while I do not agree with the EU beauracracy, if they don't make a stand now ... it will soon be too late.

[billy123]

Well, this is not a good move on their part if they want to make sure we stay (or maybe they don't actually care either way :laugh: ) They weren't very understanding of our position with Northern Ireland either now they're leaving the EU
Well my original point does still stand.
Ireland will never be free to make its own decisions while it is part of the EU.

[Cherie]

the real issue is with large corporations effectively blackmailing countries. If you want these jobs, then we want this tax rate. That has to stop, so while I do not agree with the EU beauracracy, if they don't make a stand now ... it will soon be too late.

The UK gives tax breaks to the film industry ..same thing isn't it?

[bots]

The UK gives tax breaks to the film industry ..same thing isn't it?

they are championing the arts and trying to keep british actors employed ... that is the government actively protecting its people. Can you not see the difference between that and being blackmailed by a large corporation?

[Niamh.]

the real issue is with large corporations effectively blackmailing countries. If you want these jobs, then we want this tax rate. That has to stop, so while I do not agree with the EU beauracracy, if they don't make a stand now ... it will soon be too late.

True but unless it's a worldwide agreement, it's countries like Ireland who are going to be ruined from the likes of France and Germany making a stand that doesn't effect them at all and using us as the punchbag

Well my original point does still stand.
Ireland will never be free to make its own decisions while it is part of the EU.

mmm I won't lie, I'm changing my opinion a bit

[bots]

True but unless it's a worldwide agreement, it's countries like Ireland who are going to be ruined from the likes of France and Germany making a stand that doesn't effect them at all and using us the punchbag


i agree, it has to be fair everywhere

[Cherie]

they are championing the arts and trying to keep british actors employed ... that is the government actively protecting its people. Can you not see the difference between that and being blackmailed by a large corporation?

No because the Irish government have agreed to it, Apple have been in Ireland since the 80s, they had a small factory in our town employing about 200 people this arrangement has been mutually beneficial over the years, it has enabled highly skilled people educated in Ireland to be retained rather than having to emigrate

I don't see a lot of difference both governments giving tax breaks to multi million pound industries to gain employment for its citizens

[Cherie]

Timeline of Apple in Ireland

http://www.eveningecho.ie/cork-news/timeline-a-history-of-apple-in-cork/1257434/

[Niamh.]

Timeline of Apple in Ireland

http://www.eveningecho.ie/cork-news/timeline-a-history-of-apple-in-cork/1257434/

almost everyone in Cork either has worked in Apple at some stage or has a family member that has

Have you read this Cherie?

http://www.irishexaminer.com/breakingnews/ireland/michael-oleary-thinks-govt-should-tell-eu-to-fk-off-charlie-flanagan-calls-apple-tax-ruling-baffling-752273.html

[Cherie]

Dubbing the EU's ruling "bizarre", Mr O'Leary said: "One of the fundamental principles of the European Union is that each country has its autonomy to make its own tax decisions.

"Frankly the Irish government should turn around - they shouldn't even appeal the decision - they should just write a letter to Europe and tell them politely to ****** off.
"The idea that you have the state aid mob - who've had more court verdicts overturned than any other department in Europe in the last 20 years - come along 10 years after the fact and say, 'no we didn't like that, we think you should have done something else', is frankly bizarre."


:clap1:


Thanks Niamh :hee:

[Cherie]

The European Union's imposition of a 13 billion euro ($14.5 billion) back tax bill on Apple (AAPL.O) is "total political crap", Chief Executive Tim Cook said in a newspaper interview on Thursday, and anti-U.S. bias may have played a role.

Cook said he would fight closely with Ireland to overturn the ruling, which he said had "no basis in law or in fact".

"No one did anything wrong here and we need to stand together. Ireland is being picked on and this is unacceptable," Cook was quoted as saying by the Irish Independent.

Cook told the newspaper that bias against multinationals from the United States may have been a factor in the decision to impose the bill.

"I think that Apple was targeted here," he said. "And I think that (anti-U.S. sentiment) is one reason why we could have been targeted."

"I think it's a desire to reallocate taxes that should be paid in the US to the EU," he added.

Cook rejected accusation by EU Competition Commissioner Margrethe Vestager that Apple paid just 0.005 percent tax in Ireland in 2014.

"They just picked a number from I don't know where," he said, adding that Apple pays 26 percent per year on its global profits.

RELATED COVERAGE

Apple CEO expects to repatriate billions of dollars to U.S. next year
Cook said Apple was committed to expanding its operations in Ireland despite the ruling.

"I feel like Ireland stuck with Apple when it wasn't easy to stick with Apple and now we're sticking with Ireland," he said.

In a separate interview on Thursday with Irish state broadcaster RTE, Cook said the EU decision was "maddening" and that he was very confident his appeal would succeed.

[Niamh.]

:clap2:

[bots]

its all political posturing ahead of trade negotiations. Its best just to ignore it, like every other country in the EU does

[Niamh.]

Cherie :fan:

http://www.todayfm.com/player/shows/The_Ian_Dempsey_Breakfast_Show/59693/gift_because_its_apple

[Cherie]

Cherie :fan:

http://www.todayfm.com/player/shows/The_Ian_Dempsey_Breakfast_Show/59693/gift_because_its_apple

Clap along :dance: :hee: