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European commission has ordered that Irelands special tax rate for apple was illegal and ordered Apple to pay Ireland £13bn (about 6% of gdp).
Ireland are appealing the decision as they don't want the money.
Is this the real reason to leave the EU? So that we can be completely beholden to corporations, without the autocrats interfering?
Bananas
Ireland don't want the money because it'll go straight to the Eu.Quote:
Originally Posted by Rjk
Be interesting to see if the eu has the clout to force Apple to pay.
Or not be subject to the same money movement around europe. Money made in the UK will be taxed in the UK, and not somewhere else in europe.Quote:
Originally Posted by Rjk
I think the money will go to Ireland, not the EUQuote:
Originally Posted by Dr Lecter
I have a lot more confidence in the EU forcing companies to pay tax at the point of the transaction than the uk from the point of a) wanting to do it and B) being able to pull it off.Quote:
Originally Posted by Barry Dragon
I would like to disagree, but you would be right there.Quote:
Originally Posted by Rjk
The UK will instead be going down the route Ireland has taken and sweet talking big corps into coming to the UK for tax deals. We will be financially better off as a result.
Morally not so much. But the irish are happy with all the money being funneled through Ireland and to let their morals go aside.
I think it's ok for people to use apple products AND want them to pay a fair amount of tax.Quote:
Originally Posted by شهرستان کاردیف
So we are effectively the 97p store now?Quote:
Originally Posted by Rjk
It's a bloody cunning plan but what happens when someone undercuts us?
Obvs.Quote:
Originally Posted by Rjk
But I guarantee they'll carry on buying them regardless.
Lets hope this is the start of something bigger where money stops being filtered to countries artificially. If the EU took and held up a tough stance of fair taxation that would be great.
What a despicable company.
Sent from my iPhone
Wonder how many die hard socialists will chuck their Apple products in the bin,in protest of the Apple corporation not paying its proptional taxes.
No. Not quite.Quote:
Originally Posted by ninianclark
Ireland have a 12% corp tax rate but apple were paying a lot less than that. 0.05% at times. Which was deemed to be illegal.
If you purchase an iPhone in a shop here the transaction takes place in the uk, but online transactions through the app store etc take place in Ireland.
This is likely to be more difficult to stop post brexit, as the EU can have more bargaining power with these big corporations.
Hopefully this is the start of a wider crackdown on this kind of activity
What about sanctions for the Irish government as well? They must know the rules on state funding.
What is their reasoning for saying they don't want the money? I'm sure most Irish people would disagree.
Their entire schtick as an economy for the last 50+ years has been to be the European base for large American companies, they don't want to be seen to be anything other than very friendly to us corporations.Quote:
Originally Posted by TruBlue
not sure what to think about thois one.
Got a few cousins working for apple in Cork who are more then ahppy working for them and apple is expanding and bringing in more jobs.
I used to get on my high horse about stuff like this but lately I'm 'meh' worlds ****ed anyway.
Written on my 6 plus (cracking bit of gear I must say :-D )
An independent wales would play this game. Giving all sorts of gimmicks to entice people in.
Like crap like the below.
http://www.bbc.co.uk/news/uk-wales-politics-36834321
Twenty eight jobs are being created with a £1m investment in a new cold steel rolling mill in south Wales.
Caledan, based in Hengoed, Caerphilly county, is backed by £134,000 from the Welsh Government.
Giving private companies tax payers money just to move here.
28 jobs. Yipeeeeeeeeeee
I can't imagine what they gave Aston Martin to make a factory here.
Ireland is the EU's problem. They want to be a member of the EU so they should live under their rules. You can't have it all.
They were just another bankrupt EU failure until recently. They aren't exactly out of it yet either.
Like stuff like this LOL:
http://www.independent.ie/business/i...-34880803.html
The irish people would hate to live with westminster dictating to them. Yet they love the eu. Don't cry lads. This is the EU family you all love. They would hate westiminsters as they would play by their rules, only benefiting england I would imagine. Yet everything ireland has done since independence has been to basically cheat their way to economic growth.
They should have stayed part of the British empire shouldn't they?Quote:
Originally Posted by شهرستان کاردیف
That potato famine thing was all their fault for being fussy eaters.
The bounders eh?
The Yanks aren't entirely happy about it.Quote:
The US Treasury said that such tax investigations were "unfair" and undermined the tax rules of individual states.
Charles Schumer, a senior Democrat senator, called the move a "cheap money grab".
The White House said the ruling could cost US taxpayers.
White House spokesman Josh Earnest argued that if Apple paid the back taxes, it might offset that amount against tax due in the United States, which would be unfair for American taxpayers.
Although it is pretty morally indefensible to insist a company be allowed to pay considerably less than 1% tax in another country in order to protect tax revenues in your (richer) country.
All small fry compared to scummy England, the city, and it's disgusting off shore dependancies,...Leeching off the rest of the world for decades.Quote:
Originally Posted by شهرستان کاردیف
The empire is for incapable principality subsidy junkies who rely on money transfers from leeching tax haven London and the EU. Without external charity they cant fund their state. Ireland on the other hand raises enough revenue to fund a generous and balanced annual fiscal budget...Good for them, shame us Welsh didnt have the guts to tell the english to go swivel too.Quote:
Originally Posted by CardiffIrish2
.
:thumbup:Quote:
Originally Posted by Rjk