Morphine Prince 109,998 Posted August 31, 2016 Share Posted August 31, 2016 The European Commission ordered Apple Inc to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company's tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of a drive against what the EU says are sweetheart tax deals that usually smaller states in the bloc offer multinational companies to lure jobs and investment. The U.S. feels its firms are being targeted by the EU and a U.S. Treasury spokesperson warned the move threatens to undermine U.S. investment in Europe and "the important spirit of economic partnership between the U.S. and the EU." Starbucks Corp has been ordered to pay up to 30 million euros ($33 million) to the Dutch state, while Amazon.com Inc and McDonald's Corp are also under investigation by the Commission, the EU's executive arm. Apple's stock fell less than 1 percent. Source: http://www.reuters.com/article/us-eu-apple-taxavoidance-idUSKCN114211?il=0 Link to post Share on other sites More sharing options...
BuzzcutSeason 3,307 Posted August 31, 2016 Share Posted August 31, 2016 Interesting. In U.S dollars thats 14,491,100. Link to post Share on other sites More sharing options...
FATCAT 60,978 Posted August 31, 2016 Share Posted August 31, 2016 They might pull out of Ireland if the EU aren't careful. This kitten over here (meow) Link to post Share on other sites More sharing options...
venusfly 17,885 Posted August 31, 2016 Share Posted August 31, 2016 15 minutes ago, FATCAT said: They might pull out of Ireland if the Irish aren't careful. Ireland doesn't back the decision against Apple, it was a ruling by the EU. Link to post Share on other sites More sharing options...
FATCAT 60,978 Posted August 31, 2016 Share Posted August 31, 2016 Just now, LG said: Ireland doesn't back the decision against Apple, it was a ruling by the EU. whoops, meant to say EU, got lost in my own sentence! This kitten over here (meow) Link to post Share on other sites More sharing options...
Envi 765 Posted August 31, 2016 Share Posted August 31, 2016 There's also a Canada-EU trade agreement that somewhat upset the U.S. E.U. and the U.S aren't in good terms currently. ♫ ♫ ♫ ♫ ♫ ♫ Link to post Share on other sites More sharing options...
NORMANDIE 1,586 Posted August 31, 2016 Share Posted August 31, 2016 (Pocket) Link to post Share on other sites More sharing options...
Economy 53,144 Posted August 31, 2016 Share Posted August 31, 2016 12 minutes ago, Envi said: There's also a Canada-EU trade agreement that somewhat upset the U.S. E.U. and the U.S aren't in good terms currently. The US sometimes seems to not like it when they arent the centre of attention Close trading partners can make agreements with others too. They cant always be involved! Link to post Share on other sites More sharing options...
RAMROD 118,079 Posted August 31, 2016 Share Posted August 31, 2016 This is no big deal for Apple lmao Becaude Apple will get back what they give out from tthe profits in USA. If they pay tax to foreign country, deduct dollar for dollar from tax they pay USA, rule for any company. (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ⁱᵐ'ᵐᵃ ʰⁱᵗ ᵈᵉᶠʳᵒˢᵗ ᵒⁿ ʸᵃ, ˡᵉᵗ'ˢ ᵍᵉᵗ ⁱᵗ ᵇˡᵃᶻⁱⁿᵍ﹗ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
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