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30-08-2016, 07:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.reuters.com/article/us-eu...-idUSKCN114211 (http://www.reuters.com/article/us-eu-apple-taxavoidance-idUSKCN114211)
EU orders Apple to pay up to 13 billion euros tax to Ireland
Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, January 23, 2015. REUTERS/Chance Chan/File Photo
EU antitrust regulators ordered Apple (AAPL.O) on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
The massive sum, some 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant.
Apple, which with Ireland, has already said it will appeal the decision, paid a tax rate on European profits of between 0.005 and 1 percent, the Commission said. ($1 = 0.8954 euros)
(Reporting by Alastair Macdonald)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?235012-Hungry-Bankrupt-EU-want-to-eat-the-Gay-Phone-Apple-13-billion-Euro&goto=newpost).
http://www.reuters.com/article/us-eu...-idUSKCN114211 (http://www.reuters.com/article/us-eu-apple-taxavoidance-idUSKCN114211)
EU orders Apple to pay up to 13 billion euros tax to Ireland
Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, January 23, 2015. REUTERS/Chance Chan/File Photo
EU antitrust regulators ordered Apple (AAPL.O) on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
The massive sum, some 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant.
Apple, which with Ireland, has already said it will appeal the decision, paid a tax rate on European profits of between 0.005 and 1 percent, the Commission said. ($1 = 0.8954 euros)
(Reporting by Alastair Macdonald)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?235012-Hungry-Bankrupt-EU-want-to-eat-the-Gay-Phone-Apple-13-billion-Euro&goto=newpost).