Apple May Face Epic Tax Bill
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Apple facing record bill for Irish tax
http://www.bbc.co.uk/news/business-37216176 -
It's only the first case. xD
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EC rules Apple owes €13bn plus interest http://www.thejournal.ie/apple-eu-ireland-state-aid-2-2955285-Aug2016/
Irish government looks to appeal http://www.independent.ie/business/world/ireland-disagrees-profoundly-with-eu-on-apple-tax-bill-35006805.html
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Definitely a BIG number.
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Apple: "We'll change our headquarters like other businesses, to get tax breaks. Let's go to Ireland."
3 years later...
Ireland: "Aaaalrighty, taxes are due!"
Apple: "But our headquarters aren't here... they're in the Cayman Islands."
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@BBigford If only it was that simple. Apple have been based in Cork since 1980, initially as a factory and now as their primary European contact centre. They are a massive employer in the south, with 5,000 in the city as it is and 1,000 more planned.
I don't think they'll be going anywhere too fast, but its definitely going to have repercussions.
(Disclaimer: used to work at the Cork centre)
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Why are the EU only coming after them now? Could it be that the EU is clutching at straws for more money post Brexit?
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@nadnerB said in Apple May Face Epic Tax Bill:
Why are the EU only coming after them now? Could it be that the EU is clutching at straws for more money post Brexit?
All things like this take a long time.
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@zuphzuph expect more tax bills like this from companies that moved to Ireland. They did a big push years ago with low short term tax levels.
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@nadnerB said in Apple May Face Epic Tax Bill:
Why are the EU only coming after them now? Could it be that the EU is clutching at straws for more money post Brexit?
I believe the Brexit hurt the EU more than they are admitting.
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@IRJ said in Apple May Face Epic Tax Bill:
@nadnerB said in Apple May Face Epic Tax Bill:
Why are the EU only coming after them now? Could it be that the EU is clutching at straws for more money post Brexit?
I believe the Brexit hurt the EU more than they are admitting.
It's not hurt yet, and easily won't for a decade. The Brexit is as little as a year, and as much as a decade away from evening happening. So far it's only been a vote, no exit is in sight.
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@kennym said in Apple May Face Epic Tax Bill:
@zuphzuph expect more tax bills like this from companies that moved to Ireland. They did a big push years ago with low short term tax levels.
Yup, I wonder how much other Dublin based tech firms are going to get probed... Google, Facebook, Microsoft and tons of others are all based there.
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@scottalanmiller said in Apple May Face Epic Tax Bill:
@nadnerB said in Apple May Face Epic Tax Bill:
Why are the EU only coming after them now? Could it be that the EU is clutching at straws for more money post Brexit?
All things like this take a long time.
Yup, this is the result of an investigation ongoing since 2013 http://www.afr.com/technology/mobiles-and-tablets/apple/apples-tax-secrets-hidden-in-australian-filings-may-have-helped-the-european-commission-20160831-gr5e2x
