Lausanne Global Analysis
Apple inc, European Union During the early 1980s I became more politically aware. It seemed then that European politics was dominated by the apparently impregnable wall separating East from West and of the vast Soviet empire whose ranks were massed behind it. Our home in the UK received, as did many other homes of the era, a booklet outlining what to do in the event of a nuclear attack.
Apple hit by record 13 billion euro European Union
The European Union Tuesday ordered Apple to pay a record 13 billion euros in back taxes in Ireland, saying deals allowing the US tech giant to pay almost no tax were illegal. Ireland has been seeking to attract multinationals by offering extremely favourable tax conditions, known as sweetheart deals, but EU Competition Commissioner Margrethe Vestager said Apple’s broke EU laws on state aid.
Apple appeals against EU tax ruling, Brussels says no cause for low tax bill
Apple Inc. appealed on Monday against a $14-billion tax demand as the European Union issued details of its ruling that the iPhone maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies. A year after Apple’s Irish branch had recorded a net profit of $270 million, its tax adviser proposed that no more than $30-40 million a year be taxed in Ireland, since the rest was attributable to technology and marketing businesses elsewhere.
Apple Appeals European Union’s $14 Billion Tax Bill
Apple has officially appealed a ruling by the European Union that would result in a $14 billion tax bill for the company. Apple charged Monday that it was singled out as an easy target, according to a report filed by Reuters. Apple’s practice has been defended by Ireland, with officials charging that other countries were to blame for their own tax loopholes. Apple for its part has said that the E.U. ignored Irish expert opinion in its ruling.
Apple ordered to pay €13bn after EU rules Ireland broke state aid laws
Apple has warned that future investment by multinationals in Europe could be hit after it was ordered to pay a record-breaking €13bn in back taxes to Ireland. The world’s largest company was presented with the huge bill after the European commission ruled that a sweetheart tax deal between Apple and the Irish tax authorities amounted to illegal state aid.
A Message to the Apple Community in Europe
At the time, the company knew that in order to serve customers in Europe, it would need a base there. So, in October 1980, Apple opened a factory in Cork, Ireland with 60 employees. We are committed to Ireland and we plan to continue investing there, growing and serving our customers with the same level of passion and commitment. We firmly believe that the facts and the established legal principles upon which the EU was founded will ultimately prevail.
Has The European Union Overstepped Against Apple Inc.
Apple Inc. is known for being slapped on the wrists. However, the latest fine placed against Apple from the European Union may have been a step too far. EU originally charged Apple with a $14.5 billion tax fee, this was in August. However, the tech giant is not just taking the knock. The behemoth launched its official appeal against European Union Tax fine, in order to contest whether the company should be liable to pay what the EU is requesting.