ECJ deals a blow to Apple over $14 billion tax lawsuit
- ?
- Anonymous
- 7L2
- 13 Nov 2023
Easy money for sure
- W
- Whyki
- snY
- 12 Nov 2023
jjsmyhte, 10 Nov 2023If they are forced to pay it, the Irish Economy will no lon... more> If they are forced to pay it, the Irish Economy will no longer be top dog for FDI. Apple don't want to pay it, the Irish govt. don't want it, but money's money.
What they want is not important at all. EU has rules about fair competition (including minimum taxes) and all states are OBLIGED to follow them. That is condition to be part of EU and it is necessary to have access to EU market.
- Solun1
- nxc
- 11 Nov 2023
Of course they discovered some errors which for some unknown reason couldn't be discovered before. The usual story of how someone in the government wants to get their piece of the pie for free, because I guarantee you that the Irish budget will only see a fraction of the sum even if they win.
- ?
- Anonymous
- 70d
- 11 Nov 2023
Mills, 10 Nov 2023Let me paint an image for you. Apple has 2.8 trillion dolla... moreThat's not how it works. Companies don't own their own shares (except for treasury shares). Shares are owned by shareholders.
- A
- Aierlan
- KYN
- 11 Nov 2023
Anonymous, 10 Nov 2023Ireland receives heaps of compensation payments and support... moreIreland is a net contributor to the EU. Maybe you need me to explain that because you appear not to understand? This means that Ireland every year gives more money to the EU than it receives from the EU. This money is used to support other contries that receive more than they get from the EU. Only 9 of the 27 member states are net contributors and Ireland is one of these. The remaining 18 member states receive more money from the EU than then pay.
- m
- my
- DGV
- 10 Nov 2023
Healthy if customers have some attention how much the actual company give back to society and stop buying from does that only takes and never gives
- GregLu
- p@r
- 10 Nov 2023
Gaurav Mishra, 10 Nov 2023At this point It would be a no surprise if Apple decides to... moreI think you're wrong; even for 50 B$ they wouldn't quit Europe 😬
- G
- Gaurav Mishra
- g}w
- 10 Nov 2023
At this point It would be a no surprise if Apple decides to leave European market.
- Mills
- kB5
- 10 Nov 2023
Anonymous, 10 Nov 2023How is this a huge? That's peanuts for a company that ... moreLet me paint an image for you. Apple has 2.8 trillion dollars (market cap/net worth). Let's just say the EU comes along and spots some tomfoolery Apple is doing behind their Apple Park. The EU slaps them with a 5% fine of that market cap/net worth.
That 5% of 2.8 trillion = 140,000,000,000 (140 billion dollars). It's not loose change at all but it's nowhere near putting Apple in a tight spot. This company is unexplainably rich. And thanks to an iPhone loved by the averge masses.
Another picture is that 140 billion. If we took that 140 biillion and gave it to everyone on Earth (even babies), everyone would have circa 17.50 USD. Also TIm Cook has like 2 billion in market cap :D
- N
- No Regrets
- 39y
- 10 Nov 2023
There was never any doubt imo. I wa really surprised that Apple won the appeal, when you see the reasons for the win, how is it logical to say that when the tax rate us 12.5% and you plying less than 1% in a secret deal, you are not getting an advantage
The worst part is that when Apple lost the Irish Government said it wouldn't collect the taxes.
We don't $14bn in taxes from the rich, we gave too much already
- you have to suffer
- txG
- 10 Nov 2023
Anonymous, 10 Nov 2023EU should impose at least 1 trillion dollar fine on Apple. not enough, how about 10 trillion
- 1
- 101dude
- r3a
- 10 Nov 2023
Anonymous, 10 Nov 2023Instead of paying to Ireland they should pay to Android pho... moreI see nothing phone ceo
- ?
- Anonymous
- 056
- 10 Nov 2023
Txindoki, 10 Nov 2023Now expect iPhone 16 series with no USB cable and no box. T... moreBeing spiteful with legislators seems to be the national pass time in the US. In the EU it usually backfires.
- j
- jjsmyhte
- ys}
- 10 Nov 2023
If they are forced to pay it, the Irish Economy will no longer be top dog for FDI. Apple don't want to pay it, the Irish govt. don't want it, but money's money.
- ?
- Anonymous
- CbB
- 10 Nov 2023
6oLsh0i6o0z3, 10 Nov 202314,000 million = 14,000,000,000 If you have a bucket of ... moreThat's a loose change for a company generating trillions.
- T
- Txindoki
- yat
- 10 Nov 2023
6oLsh0i6o0z3, 10 Nov 202314,000 million = 14,000,000,000
If you have a bucket of ... moreImagine that number is in your bank account. 🤑
~Tim Cook
- 6oLsh0i6o0z3
- ibm
- 10 Nov 2023
14,000 million = 14,000,000,000
If you have a bucket of one million, you need one thousand buckets to make a billion. They have to give fourteen thousand of that bucket to Ireland for taxes. That is a lot of money my boy!
Imagine that number is in your bank account. 🤑