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You just responded to a whole bunch of points, none of which were the point I was actually making.
In the US, corporations get tax credits based off of how much taxes they pay in other countries. Since they weren't paying very much in taxes in Europe, they weren't receiving much of a tax credit in the US. If this decision by the EU commission stands, their taxes in Europe will go up by a substantial amount, leading to a substantial tax credit here in the US, thus decreasing the amount of taxes they pay here, regardless of anything else that changes (profits/company structure/etc.). With this decision, the EU is essentially taking money directly from the US Federal government and giving it to Ireland (who, in my opinion, is equally complicit in this business agreement and deserve nothing more than has already been paid to them).
The United States invariably does the right thing, after having exhausted every other alternative. -Winston Churchill
America is the only country that went from barbarism to decadence without civilization in between. -Oscar Wilde
Wow, even the French showed a little more spine than that before they got their sh*t pushed in.[^] -Colin Mullikin
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While Ireland is a sovereign nation and in theory 'should' be able to set their own tax rates to incentivize a large business concern like Apple to settle there as they did with the favorable tax status they have. They signed on to a conflicting agreement with the EU in which the have apparently surrendered part or all of that sovereignty, or so it would seem.
It sounds to me like if they want to keep their good friend Apple they need to do the same thing that the Brits did and pull out of the EU and tell them to take their tax bill and shove it as Apple represents jobs and gainful employment for a large segment of the Irish population, that could be in jeopardy if Apple is forced to fork over this money. They might better be back in the good Ole USA after Trump is done with things.
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Well this just explained the gun ban! LOL
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Does this mean Apple can come knocking on my door and tell me I owe them lots of money for the iPhone I bought two years ago?
We're philosophical about power outages here. A.C. come, A.C. go.
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OriginalGriff wrote: If Apple et al had been paying "fair" taxes instead of "legal" taxes the bail outs would have been a lot smaller...
I fail to see why's that Apple's fault though, because Ireland agreed on a rate with Apple.
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Mike Mullikin wrote: fair What are you talking about, you're not a kindergartner - you should have no expectation that anything in real life is fair.
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harold aptroot wrote: you should have no expectation that anything in real life is fair. Ummmm... Griff used the idea of fairness as to why Apple should pay more taxes. Surely you won't begrudge me for throwing it back at him?
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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I don't have to be fair either.
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Probably something in the water over there.
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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Of course, life is not fair.
But that is (or should be) one of the purpose of the governments and institutions (at least those that claim to be democratic and serve the people): to make it more fair, to give a better prospect to those who are dealt a bad hand to start with and to avoid those with power to abuse it (too much). Obviously, they are very regularly failing at that, even in the country where they kind of have that purpose.
Apple have obviously (with some help from the Irish System/Governments) abused loopholes and tax laws from different countries to pay a ridiculously low amount of taxes.
Making people pay retroactively is always going to cause some kind of moral dilemma. When the "offender" was doing something legal (or not illegal) but obviously immoral (and they knew it), may be we should still make them pay. It is not the same as changing the rate when you have not tried to abuse the system by actively finding loopholes. That "could" encourage more people/companies to act in a more moral way. Or not (looking at human nature).
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Mike Mullikin wrote: Ireland and Apple agreed to a rate.
Under European law, this is tax collusion, and is illegal. That is why this is tax evasion, rather than avoidance. The rules have not been changed retroactively.
"If you don't fail at least 90 percent of the time, you're not aiming high enough."
Alan Kay.
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Rob Grainger wrote: Under European law, this is tax collusion, and is illegal.
Didn't Ireland (as a country) not know that? When a government entity signs a deal, Apple would not have thought that they're being lured into a trap.
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Rajesh R Subramanian wrote: Apple would not have thought that they're being lured into a trap I laugh, I cry, the idea that Apple could be lured into a trap especially on tax laws and ruling is mind boggling. They probably spent more on tax lawyers than they paid in tax.
Apple, along with most multi nationals are morally repugnant, but how anyone can expect anything else is just silly.
Never underestimate the power of human stupidity
RAH
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After agreeing a tax rate with Ireland, income from most other countries outside the US in which Apple does business was channelled through Ireland to avoid paying the tax in those countries. The whole thing stinks. They should be hit hard.
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That is not what happened. See the linked article in the first post.
"Member states cannot give tax benefits to selected companies - this is illegal under EU state aid rules," said Commissioner Margrethe Vestager.
Since Ireland is part of the EU, it has to abide by the EU rules.
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I happen to know for fact that certain member states give "incentives" to European corporations - I've seen it personally. These incentives took the form of free land, cash grants, low interest loans, etc...
Illegal?
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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I have been a militant for banning tax evasions for years (I mean, actively, here not to mention it[^]). If you take only one year of the money yearly put in tax havens (€800 billions - that is 800,000,000,000€), you'd be able to feed countries in need for several decades. For all things that go wrong in our world, this one is certainly one of the biggest and the cause to most of other "worldwide" problems. And ironically, also probably one of the easiest to solve, if it weren't for the people who are able to solve it ... to be the first who make profit out of it
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OriginalGriff wrote: Just because it's "legal" doesn't mean it's right: that is tax
Agreed!
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The whole point here is that Apple colluded with the Irish government to undercut other European countries in a one-off deal that is illegal under European law. It is not legal, hence Apple being liable for an enormous tax bill.
Well deserved, I say.
"If you don't fail at least 90 percent of the time, you're not aiming high enough."
Alan Kay.
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Well said - couldn't agree more
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Rage wrote: As for the rest, you are mixing up a lot of things. Like what?
Apple and Ireland agreed on a tax rate. Apple paid it. The EU (not Ireland) wants more money and retroactively changes the rules to get it. What exactly have I mixed up?
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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Mike Mullikin wrote: What exactly have I mixed up?
Your hate for Europe and the Apple case.
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So nothing.
In this present crisis, government is not the solution to our problem; government is the problem. ~ Ronald Reagan
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