Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Apple Owes Back-Taxes in the E.U.: Blame Ireland or Apple?

Saturday, September 3, 2016 14:39
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The European Commission issued a formal decision on August 30, 2016 that the state of Ireland “recoup roughly €13 billion ($14.5 billion) of unpaid taxes accumulated over more than a decade by Apple, Inc.”[1]The decision “shows companies could be on the hook for past behavior and potentially be handed big bills for allegedly unpaid back taxes.”[2]E.U. law “forbid companies from gaining advantages over competitors because of government help.”[3]This applies both the federal government and the state governments, so the law could be better stated as, “No state government shall help companies gain advantages over their competitors.” Presumably Ireland’s government made the offer of help, rather than Apple getting that government to comply with the company’s wishes. If so, the state government rather than the company should be held responsible. Put another way, if Apple’s board and management considered the Irish offer to be legitimate at the time, Apple should not be held to pay the back taxes; rather, the state government should pay a penalty to the Commission.



The full essay is at “Ireland or Apple?”


[1]Natalia Drozdiak and Sam Schechner, “$14.5 Billion Irish Tax Bill,” The Wall Street Journal, August 31, 2016.
[2]Ibid.
[3]Ibid.

Continue reading Apple Owes Back-Taxes in the E.U.: Blame Ireland or Apple?

. . . → Read More: Apple Owes Back-Taxes in the E.U.: Blame Ireland or Apple?



Source: http://roguepolitics.com/the-worden-report/2016/09/03/apple-owes-back-taxes-in-the-e-u-blame-ireland-or-apple/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.