Apple and Irish government collared over tax deal

[turbobloke]

Mrr T said:

paulrockliffe said:

I don't know if that's the case as I'm not aware of the detail in this case, but for the situation you describe the issue is the transfer of the IP at no cost out of the US. It's taxes in the US that are avoided in that situation. It still doesn't create a situation where the local entity is creating value.

The facts of the case are easily found on the commission web site.

Facts or the Commission's take on things?

I haven't looked as it would be for those involved in the events directly, but outside the Commission, to determine. The question is a reasonable one all the same.

[Leithen]

turbobloke said:

Facts or the Commission's take on things?

I haven't looked as it would be for those involved in the events directly, but outside the Commission, to determine. The question is a reasonable one all the same.

Some very expensive lawyers will disagree about the evidence required to establish the existence of the special deal that the EU is using to hang the State Aid argument on.

They will posit that Ireland/Apple needs to prove it wasn't a special deal. Ireland/Apple will demand that the EU proves that it was.

It's always hard to prove a negative.

[anonymous-user]

DoJ announces 14bn settlement offer to Deutsche (AIUI they had 5.5 rserved for all outstanding fines and fees)... the EU really arn't very good at this game are they?

[KarlMac]

fblm said:

DoJ announces 14bn settlement offer to Deutsche (AIUI they had 5.5 rserved for all outstanding fines and fees)... the EU really arn't very good at this game are they?

I did have a little chuckle this morning

[London424]

London424 said:

REALIST123 said:

Welshbeef said:

£11 billion confirmed.


Does that go to Ireland tax OR the EU trough?

Good point but I'd bet it ends up in the EU trough. Or Greece in some form or another. Or Italy. Portugal? They're all desperate for cash.

Maybe some of these big businesses will review the attractions of the EU now.

Well what we are more likely to see is VW get clobbered for many many billions by the US

Damn...I guessed VW.

[Alpinestars]

fblm said:

DoJ announces 14bn settlement offer to Deutsche (AIUI they had 5.5 rserved for all outstanding fines and fees)... the EU really arn't very good at this game are they?

I doubt the final settlement will be anywhere near that. Could be a mini Lehman otherwise, which ain't good for anyone.

But it's an obvious way of posturing and retorting to the European Competition Commission.

[anonymous-user]

fblm said:

DoJ announces 14bn settlement offer to Deutsche (AIUI they had 5.5 rserved for all outstanding fines and fees)... the EU really arn't very good at this game are they?

I could be wrong but aren't RBS due a bill ?

[anonymous-user]

Alpinestars said:

fblm said:

DoJ announces 14bn settlement offer to Deutsche (AIUI they had 5.5 rserved for all outstanding fines and fees)... the EU really arn't very good at this game are they?

I doubt the final settlement will be anywhere near that. Could be a mini Lehman otherwise, which ain't good for anyone.

But it's an obvious way of posturing and retorting to the European Competition Commission.

Sure, I agree, they'll settle for a third of that. Sadly for Deut it's only one case with one agency!

[anonymous-user]

Judging by the size of the queue, marshalled by security staff, at the Apple Store in Meadowhall today, the public's attitude to Apple's tax arrangements is - at worst - ambivalent

[Alpinestars]

Looks like GDF Suez is next.

http://europa.eu/rapid/press-release_IP-16-3085_en...

They are also looking at IKEA.

[BlackLabel]

Wonder how they paid it, cheque, bank transfer or Apple Pay?


“Ireland collects more than €14bn in taxes and interest from Apple
Money will be held in escrow fund pending appeal against European Union tax ruling”

https://www.theguardian.com/world/2018/sep/18/irel...

[anonymous-user]

BlackLabel said:

Wonder how they paid it, cheque, bank transfer or Apple Pay?


“Ireland collects more than €14bn in taxes and interest from Apple
Money will be held in escrow fund pending appeal against European Union tax ruling”

https://www.theguardian.com/world/2018/sep/18/irel...

Apple should have registered in Luxembourg, that'll teach them.

[anonymous-user]

fblm said:

Alpinestars said:

fblm said:

DoJ announces 14bn settlement offer to Deutsche (AIUI they had 5.5 rserved for all outstanding fines and fees)... the EU really arn't very good at this game are they?

I doubt the final settlement will be anywhere near that. Could be a mini Lehman otherwise, which ain't good for anyone.

But it's an obvious way of posturing and retorting to the European Competition Commission.

Sure, I agree, they'll settle for a third of that. Sadly for Deut it's only one case with one agency!

$7.2bn. Ooof

https://www.cnbc.com/2016/12/22/deutsche-bank-reac...