Never trust Uncle Billy with the deposit.
Posted on 02/02/2017 6:50:06 AM PST by Enlightened1
Tech giant Apple has not paid the $13.9 billion owed to Ireland, according to the European Union. Speaking to CNBC, EU Competition Commissioner Margrethe Vestager said, “Well the recovery is not done yet but we have been working with the Irish authorizes and we can see that they are moving forward to do the recovery of the unpaid taxes.”
Vestager explained some of the issues faced when trying to recoup the taxes, saying, “It’s a tricky thing to do because it’s a large sum so of course you have to figure out how to do that. It’s not as an escrow account in some of the other cases where it might be 25 or 30 million euros … and therefore I do respect that it’s a complicated matter and it may take a little more time.”
The EU Competition Commission ruled last year that Apple must pay $13.9 billion owed to Ireland as it was found that the tech giant was paying as little as 0.005 percent tax in Ireland in 2014. Apple had until January 3rd to pay the tax bill into an escrow account, a deadline which has since been missed.
A spokesperson from Ireland’s Ministry of Finance told CNBC, “We are continuing to make progress of the recovery from Apple with the full cooperation of the company and the EU Commission. The Commission are satisfied with the progress we are making. We have committed to complying with the decision and we fully intend doing that.”
(Excerpt) Read more at breitbart.com ...
How nice of the patriots at Apple to keep that Irish economy going
iTax
Pull out of Ireland and let them invent their own phones
So I guess this kind of thing is where Apples Record-Breaking Cash hoard this year comes from?
Is this a retroactive tax?
Didn’t Apple report a record profit in the 4th Quarter two days ago? Surely “the check’s in the mail” for their Irish tax bill. Too bad the US doesn’t get that tax payment, but maybe President Trump can do something about that.
“... according to the European Union.”
The EU wants MONEY and POWER to TAKE said money.
‘Nuff said.
TurboTax didn’t integrate with the Touch Bar so the accountants were lost in a fog.
Never trust Uncle Billy with the deposit.
Ireland never claimed that Apple owed them tax money. It was the E.U. that said that Apple’s tax “arrangement” with Ireland was unfair and demanded that Ireland collect the tax that the E.U. thinks Apple should have paid.
Forget to pay your taxes?
There’s an app for that.
If it were odumbo leading, he would send U.S. finds to help Apple out. Glad that S.O.B. is GONE!
Corporations shouldn’t pay taxes but apple keeps backing the tax and spend socialist parties. Quite a delima.
* PING *
$246 Billion in cash most of it overseas
This is nothing but click-bait, with "Apple" in the headline.
Apple keeps their cash overseas (about $300 BILLION) so they don’t have to pay US taxes. Now some of the countries where they hide the money want a cut. And Apple is stiffing them, as well.
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