Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > European Commission reportedly launching Apple Ireland tax query

European Commission reportedly launching Apple Ireland tax query
Thread Tools
NewsPoster
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Jun 10, 2014, 02:05 PM
 
Europe's antitrust and consumer investigation agency, the European Commission, is allegedly opening up an inquiry into Apple's tax practices in Ireland. The review reportedly magnifies existing efforts looking at the business arrangements of many multi-national companies that have a presence in Ireland, and will focus on whether Apple was given special tax treatment to set up shop.

US Senators, led by John McCain (R-AZ), believe that Apple got an exceptionally lower tax rate in the country for its European headquarters, which helps it reduce its US tax burden. McCain had claimed that Apple negotiated a deal with the Irish government back in 1980 to lower the tax bill of the Ireland-based holding company that manages most of Apple's foreign operations to two percent.

Both Apple and the government of Ireland refute the claims. The iPhone maker points out that it has had offices and production facilities in Ireland since the 1980s, long before any recent corporate tax rates or changes in the law have taken place. An announcement of the probe is expected as early as June 11, reports RTE News.
( Last edited by NewsPoster; Jun 11, 2014 at 02:03 AM. )
     
Feathers
Grizzled Veteran
Join Date: Oct 1999
Location: South Pole
Status: Offline
Reply With Quote
Jun 11, 2014, 11:36 AM
 
This should be reported in the context of a competition to appoint the next President of the EU. Whilst Germany favours the Luxembourgish candidate Mr. Junkers, many others are deeply opposed to this and, in light of few acceptable alternatives, favour the Irish compromise candidate Mr. Kenny. This "tax haven" assertion is an attempt to distract attention from Luxembourg's own money laundering activities over the past seventy years or so. One thing is certain, Ireland has never handled or funnelled Nazi plunder.
     
FastiBook
Junior Member
Join Date: Feb 2005
Location: Here.
Status: Offline
Reply With Quote
Jun 14, 2014, 04:51 AM
 
What does the senator have to gain, is my question.
Fact is better than fiction.
     
   
Thread Tools
 
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Top
Privacy Policy
All times are GMT -4. The time now is 09:50 AM.
All contents of these forums © 1995-2017 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2017, Jelsoft Enterprises Ltd.,