Apple paid its $15.3 billion Irish tax bill
- N
- Nobodies
- vxs
- 21 Sep 2018
Bewildered , 20 Sep 2018The USA corporation tax rate came down from 35 % to 21% un... moreWell in that point Apple is still a Trillion dollar company it might give them a headache paying that amount but they will definitely take back and earn that kind of amount in a span of months just by releasing new products. I don't like Apple but it doesn't mean that I want them to disappear but my parents and grandparents like Apple products though xD
- ?
- Anonymous
- mqx
- 20 Sep 2018
Apple pays disputed Irish tax bill: https://www.bbc.co.uk/news/business-45566364?intlink_from_url=https://www.bbc.co.uk/news/topics/crr7mlg0gqqt/apple&link_location=live-reporting-story
Paradise Papers: Apple's secret tax bolthole revealed: https://www.bbc.co.uk/news/world-us-canada-41889787
- g
- gargi
- a4r
- 20 Sep 2018
so let's get it straight- the ELECTED government of Ireland decided to give Apple a tax brake. The UNELECTED EU commissioner didn't like it. So the commissioner told the government to reverse its decision. The government backed down.
What are elections worth in a country like Ireland? is Ireland still considered a democracy?
horrible.
- l
- lyndino
- QHA
- 20 Sep 2018
is this how you become a trillion dollar company?
- Walter C. Dornez
- r93
- 20 Sep 2018
AnonD-404798, 20 Sep 2018I couldn't agree more with you, you nailed it bro.!*bows*
Thank you, thank you
- M
- Modest Mind
- S11
- 20 Sep 2018
Dr. Chillo, 20 Sep 2018Nothing is more beautiful than seeing Apple bleeds out, and... moreYou got it all wrong my friend. The proper comment would be: Nothing is more beautiful than seeing justice done."
- D
- Dr. Chillo
- n@{
- 20 Sep 2018
Nothing is more beautiful than seeing Apple bleeds out, and more pleasant is to see Apple Fanboys bleed out :D
- w
- wac
- mi7
- 20 Sep 2018
Anonymous, 20 Sep 2018Samsung is too smart to have to pay exorbitant fees like th... moreYes, Samsung is smart enough to start mass production of exploding phones
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- AnonD-731363
- SH3
- 20 Sep 2018
Well i wait for a day when Iphones will be made not by foxcon and china labourers who earns 3 dollars per hour butwithin the borders of USA where USA labourers gets 12 dollars per hour.
Then i really want to see how much will cost iphone :-)
- ?
- Anonymous
- dWg
- 20 Sep 2018
That's why iPhones became more expensive.
- A
- Annas
- nDy
- 20 Sep 2018
travis999, 20 Sep 2018That's nothing compared to what is about to engulf apple, t... moreFoxconn will never say NO to apple...all the employees all the money that are coming from Apple are a good thing
Now, with trump decision, already see apple products that will not be affected , like airpods, apple watch, apple pencil
Only Foxconn matters, and Apple matters for them
- t
- travis999
- LaT
- 20 Sep 2018
That's nothing compared to what is about to engulf apple, trumps stupidity is about to cost apple hugely, apple may be able to bribe u.s gov not to include apple products in tariff war, but China now are in the wonderful position of being able to cripple or destroy apple, the Chinese now have one simple decision, is the money from making ALL of apples hardware worth more in the long term versus putting apple out of the way for years as competion both inside and outside China to china's home grown makers? and there is nothing apple can do, even if they pay massive bribes to Chinese, this will be a decision made at the very top of the Chinese gov and if they decide its worth more long term to destroy apple, that's precisely what will happen, the yanks have no facilities to make at home, mean while, Chinese makers can build apple productsjust with a different logo on, and there is not a lot that can be done to stop them doing that inside china, China is apples biggest market, so even if by some miracle apple did manage to manufacture else where, China just has to put massive tariff on apple products into China and that's apple stuck, reliant on the u. s market to try and survive, seeing as sales are down in nearly every other market, apple may have huge great cash reserves, but they also have very greedy shareholders who will still expect to get their money, the share price will begin to slip, and as its trading in its own stock that has help build those reserves, then apple are finished, no product to sell and a rapidly falling stock price means no income but with massive out goings to said greedy stock/share holders and don't forget, apple and other yank corps don't have that many friends around the world, lots of folk may just think that now could be a good oppurtunity to give apple a good kicking, richly deserved and long over due, if you really want a new series apple phone, buy it soon, if China decides against apple, shipments will stop over night, as the old chinese saying goes,, "may you live in interesting times",, well, this could get very interesting very quickly...
- ?
- Anonymous
- IbE
- 20 Sep 2018
wac, 20 Sep 2018Like it means anything to such giant as Apple. Maybe brands... moreSamsung is too smart to have to pay exorbitant fees like that, unlike crapple
- Snapdragon
- InL
- 20 Sep 2018
LOL, their Apple customers will pay the money back with the expensive phones
- B
- Bewildered
- 3Jn
- 20 Sep 2018
Nobodies, 20 Sep 2018Apple will make another "sweetheart deal" with the European... moreThe USA corporation tax rate came down from 35 % to 21% under Trump
In Eire the corporation rate is 12.5 % which Apple did not pay until now
Tax is only paid when it lands on USA soil, as Apple did it held cash in foreign or non USA bank account
To avoid double taxation Apple would have been liable for 35% less the 12.5 % now paid to Eire so a net amount of 22.5%
Tax is only paid when it lands in USA not when earned, so Apple is for the new tax rate 21% less 12.5 i.e 8.5% on everything a saving of 14% on all the years prior to the reduction it held these fund overseas
APPLE has reduced it tax by 40% simply by holding physical cash offshore
Apple has quite legitimately saved a vast amount of tax, which dwarfs the amount paid to Eire,
Apple was legally liable to this amount, Apple has not paid extra, the situation before was Tax Evasion.
It could be a good PR move to do this, I doubt Apple would even win an appeal as the EU has pointed out that the 12.5% tax rate was not paid, and that Apple had a SECRET arrangement with the Irish tax authority, that was not the same for other company
- Geric.770
- uSQ
- 20 Sep 2018
Walter C. Dornez, 20 Sep 2018That would be a little counter-intuitive though since iPhon... moreRight you are!
- w
- wac
- mi7
- 20 Sep 2018
Like it means anything to such giant as Apple. Maybe brands like HTC or even Samsung would have died after 15 billion bill
- N
- Nobodies
- UD{
- 20 Sep 2018
Apple will make another "sweetheart deal" with the European Commission to get out of this legal case $15.3B it is a very huge amount of moneys! Goodluck Apple, it's like the more moneys you make the less moneys you make! xDD
- A
- AnonD-404798
- UD{
- 20 Sep 2018
Walter C. Dornez, 20 Sep 2018That would be a little counter-intuitive though since iPhon... moreI couldn't agree more with you, you nailed it bro.!