Apple must pay Ireland 13 billion in unpaid tax EU's top court rules

[Coal Gas and peat]

The verdict is now in on this one from 2014 , fine Gael and fianna fail fought hard on Apple's behalf to not collect this tax .......there was never a credible explanation to this stance ..........Will it now be paid ? Would be a big boost to the fiscal situation here , 13 billion would build a fair amount of houses if every penny was committed

https://www.rte.ie/news/business/20...highest-court-to-rule-on-13bn-apple-tax-case/

 

[jpc]

The verdict is now in on this one from 2014 , fine Gael and fianna fail fought hard on Apple's behalf to not collect this tax .......there was never a credible explanation to this stance ..........Will it now be paid ? Would be a big boost to the fiscal situation here , 13 billion would build a fair amount of houses if every penny was committed

https://www.rte.ie/news/business/20...highest-court-to-rule-on-13bn-apple-tax-case/

We (Ireland)
Will get SFA.
This money will be distributed amongst the countries where the sale was made.
Not good for our MNC segment going forwards.
Rips up the Lisbon treaty assurances given to Ireland wrt taxation.

 

[Coal Gas and peat]

But I'm expected to pay my tax like a good owned pleb

 

[Wolf]

The verdict is now in on this one from 2014 , fine Gael and fianna fail fought hard on Apple's behalf to not collect this tax .......there was never a credible explanation to this stance ..........Will it now be paid ? Would be a big boost to the fiscal situation here , 13 billion would build a fair amount of houses if every penny was committed

https://www.rte.ie/news/business/20...highest-court-to-rule-on-13bn-apple-tax-case/

Ireland won't see much of this money.
In any case whatever they do get will be pissed up against the wall on the imported dregs of the planet, overpriced bike sheds for green wankers and pushing the faggot/tranny agenda their masters tell them to push.

 

[jpc]

But I'm expected to pay my tax like a good owned pleb

Yep!

 

[Wolf]

What should be equally concerning is the tens on millions of our taxes that was spent going through the courts to try and ensure we DIDN'T get ANY of this money.

Anyway, this thread is mute. We know what will happen.
The end.

 

[jpc]

The idiots in charge and the opposition don't get the fact this money is going elsewhere.

 

[Mad as Fish]

Apple are worth $3,400bn at the last count, this is small change, but it will be the principle that hurts the poor darlings.

 

[Mad as Fish]

You might end up paying more if this goes pear shaped.

FDI/MNCs are either Irelands great success or Irelands biggest exposure, depending on your POV. But they contribute significantly and directly to our tax base through corp and income tax, as well as buying services from Irish companies.

It certainly means future FDI, based on the current tax model, is going to be put on ice.

And as if by magic the Kangalese faction suddenly becomes an expert on international tax matters!

 

[A Man Called Charolais]

The money will be put aside until things settle down. In any case, the Irish national debt is always a contender for it. Things are aren't too bad apparently. We could really do with an offshore oil and gas field just in case.

More importantly, the Draghi Report was issued this week. It feels a bit buried behind the bike shed story but has an echo of the import of that almost unnoticed withdrawal from Bagram airbase. The report had this nugget on page 62 - a common defence procurement funded by trans-European debt. The Germans are in such disarray that it might just get through.

"Finally, the EU should move towards regular issuance of common safe assets to enable joint investment
projects among Member States and to help integrate capital markets. If the political and institutional conditions
are in place as outlined above, the EU should continue – building on the model of NGEU – to issue common debt
instruments, which would be used to finance joint investment projects that will increase the EU’s competitiveness
and security. As several of these projects are longer-term in nature, such as financing R&I and defence procurement,
common issuance should over time produce a deeper and more liquid market in EU bonds, allowing this market to
progressively support the integration of Europe’s capital markets. At the same time, together with the above reforms,
to finance a variety of programmes focused on innovation and on raising productivity, Member States could consider
increasing the resources available to the Commission by deferring the repayment of NGEU."

Page 62

 

[Mad as Fish]

Doesnt work that way.

Three problems with the EU’s €13 billion ruling on Apple’s Irish taxes

The EU’s ruling is profoundly misguided and could undermine US investment in Europe.

theconversation.com

I dont agree with the article saying its "misguided", but it does explain the consequences.

Very little of the money is ours, in that I mean tax on Apple products sold in Ireland.

Most of it is tax that should have been paid in other European countries where Apple products were sold.

So we can expect more court cases ahead where France, Germany, etc. sue to get "their" tax back. And the US in retaliation, ends reciprocal arrangments for Euro countries selling into the US.

Very messy. And then theres all the other MNCs based in Ireland exposed by this ruling.

That article is from 2016, things have moved on, is the US in any way fit to pick another fight? Not that such considerations will bother the nutters running the joint.

 

[Coal Gas and peat]

They come swaning in here to use our workforce and pretty decent infrastructure and pull out the second a 2nd world country is ready to host their bloodrinking ways , and they don't want to pay tax .......that corporate tax that seemed to be about for two years is dropping hard ( 1 billion less each calender month)
These people are criminals but it involves a whole of government stitch up ......same as the asylum scammer industry that's now going flat out

 

[Declan]

I read someplace that 7 companies account for about 60% of the entire economy. What happens when the Music stops

 

[clarke-connolly]

I read someplace that 7 companies account for about 60% of the entire economy. What happens when the Music stops

And those Companies ~ ~ Order the Irish " Government " about like a bunch of servile gimps ! ! !

 

[Mad as Fish]

I read someplace that 7 companies account for about 60% of the entire economy. What happens when the Music stops

Yep, not sure of the latest figure myself, but it's a big one alright.

So why Ireland? It was always celebrated by various Irish governments that the kip was just the place for US tech companies to invest in, the two main reasons were that we speak English while the second, not quite so openly talked about, was that we have a moderate climate meaning that data farms are cheaper to keep cool. Other nonsense such as being a friendly country 'at the heart of Europe' was also thrown into the mix.

Data farms consume vast amounts of energy which is why we hear all the puffery about rewilding and breeding cows that don't fart methane etc, anything to meet the net carbon zero targets, which are pure fantasy anyway, but those big fancy 'pooter thingies have got to be kept going somehow.

 

[jpc]

Yep, not sure of the latest figure myself, but it's a big one alright.

So why Ireland? It was always celebrated by various Irish governments that the kip was just the place for US tech companies to invest in, the two main reasons were that we speak English while the second, not quite so openly talked about, was that we have a moderate climate meaning that data farms are cheaper to keep cool. Other nonsense such as being a friendly country 'at the heart of Europe' was also thrown into the mix.

Data farms consume vast amounts of energy which is why we hear all the puffery about rewilding and breeding cows that don't fart methane etc, anything to meet the net carbon zero targets, which are pure fantasy anyway, but those big fancy 'pooter thingies have got to be kept going somehow.

Build or buy a fewmodular nuclear power plants.

Job done.

 

[Mad as Fish]

They still don’t get it -

https://www.agriland.ie/farming-news/taoiseach-apple-funding-could-help-retain-nitrates-derogation/