Apple To Be Charged $15 Billion As Back Tax By Ireland

06 Декабря, 2017, 00:51 | Author: Lester Mason
  • USA Apple Laden in New York

Last year, the European Commission ruled that Apple should have to pay £11 billion in back taxes after the company funneled money through Ireland to avoid paying larger taxes on profits made throughout Europe.

Ireland has allowed Apple to pay lower tax rates than other EU nations since the early 1990s, but the European Commission ruled in August 2016 that Ireland's practice was illegal and that Apple must pay the rest of the money it should have been taxed.

The EU's ruling also angered a number government leaders in Ireland, who filed their own appeal on the grounds that the ruling infringes on the nation's sovereignty and harms its ability to attract business.

The Republic of Ireland has been giving Apple a sweetheart deal which has meant in many years the company has been paying an effective tax rate of 1% to as low as 0.005 percent, and the European Union has not been happy about it.

Читайте также: New England Patriots closing in on AFC East title

So the Commission referred the Irish government to the European Court of Justice in October due to Ireland's non-compliance with the 2016 ruling.

"We expect the money will begin to be transmitted into the account from Apple across the first quarter of next year".

Both the Irish Government and Apple have appealed the Commission's ruling.

However, Apple added that it remains confident that the court will overturn the commission's decision after reviewing and reading the evidence they have presented in their defense. Despite Apple not wanting to pay the bill - and the Irish Government not wanting to receive it - the two sides have now come to an agreement that means the money owed will now be collected.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended:

  • Dazzling supermoon rises above Lancashire

    Dazzling supermoon rises above Lancashire

    You obviously can't tell from just watching it, but the moon orbits the Earth in a slightly oval-shaped path. Those supermoons tend to occur when the moon is at its closest, often two or three months in a row.
    Manchester United beat Arsenal 3-1 to keep heat on City

    Manchester United beat Arsenal 3-1 to keep heat on City

    Paul Pogba was spotted hugging Mesut Ozil in the Emirates tunnel in the moments leading up to Manchester United's 3-1 victory over Arsenal.
    Boone picked by Yankees as next manager

    Boone picked by Yankees as next manager

    Boone was one of six candidates to interview for the job, beating out a group that included Eric Wedge and Carlos Beltran . Aaron Boone , who played 54 games with the New York Yankees in 2003, will reportedly be the 35th manager in club history.
  • Schulz ready for tense talks with Merkel

    Schulz ready for tense talks with Merkel

    Contradicting a report by Bild newspaper, Schulz said the party leaders had not agreed to start talks on a new "grand coalition". He had called the chancellor to complain about "inacceptable" leaks to the press, the Social Democrat leader said.
    Groin injury sidelines Pelicans PF Anthony Davis

    Groin injury sidelines Pelicans PF Anthony Davis

    Davis tallied a team-best 19 points and 10 rebounds in his first 32 minutes, before being forced out of the game. Trainers came over to look at Davis immediately, and the amount of pain he was in was readily apparent.
    'Stranger Things' Is Coming Back For Another Season

    'Stranger Things' Is Coming Back For Another Season

    Good news, everybody! Netflix has officially announced that Stranger Things has been renewed for a third season . While the cast is signed for six years, talent reps say a renegotiation will happen in early 2018.
  • Facebook unveils Messenger app for kids

    Facebook unveils Messenger app for kids

    Children can block and report anything that makes them feel uncomfortable, which will immediately notify parents. Messenger Kids is full of engaging and interactive features for kids to connect with the people they love.
    South Korea creates 'decapitation' unit targeting North's leadership

    South Korea creates 'decapitation' unit targeting North's leadership

    A minimum of nine votes are needed to win such a vote and China, Russia, US, Britain and France can not wield their vetoes. Amid growing tensions, Washington's National Security Advisor H.R.
    Mariah believed to be dead; mother's live-in boyfriend arrested

    Mariah believed to be dead; mother's live-in boyfriend arrested

    The FBI later said the woman in the picture did not have any connection to their ongoing investigation to find Mariah. Kimrey is charged with concealing of death, obstruction of justice , burglary, theft, and possessing stolen property.
  • Ohio State's conference title not enough for playoff berth

    Ohio State's conference title not enough for playoff berth

    Losing once is better than losing twice. "I think everybody just kind of believed that we were going to do it", Hornibrook said. A similar situation happened previous year , when Penn State won the Big Ten Championship Game but had two losses.
    Jimbo Fisher Joins Texas A&M On Record-Breaking $75M Contract

    Jimbo Fisher Joins Texas A&M On Record-Breaking $75M Contract

    In December 2016, Fisher signed a contract extension through 2024 that put him among the six highest-paid coaches in the country. He will not coach in the Seminoles' regular-season finale against Louisiana-Monroe on Saturday.
    Syrian state media: Israeli missiles strike near Damascus

    Syrian state media: Israeli missiles strike near Damascus

    Iran-backed Shiite militias, including Hezbollah , have helped Damascus regain control of swathes of the country. This isn't entirely unusual within Israel, as the military censors often compel the media not to report stories.


Popular

Rep. Conyers announces he's retiring, endorses son to fill seat
Conyers has already stepped down from his leadership position as ranking member on the House Judiciary Committee late last month. She said he asked her to read his statement announcing his decision and that he's notified House Speaker Paul Ryan, Rep.

The Snapdragon 845 is Qualcomm's next flagship processor
The slight caveat here is that Qualcomm has announced the Snapdragon 845 at the conference so it's already out-of-date in a way. There are plenty of Microsoft Surface rivals - or clones if you like - out there and the HP Envy x2 is now another one.

Cboe launching Bitcoin Future earlier than CME
One bitcoin was worth just a fraction of a penny when it started trading in 2010, and by the start of this year was worth $1,000. Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that now contribute the pricing data for calculating the BRR.

Federal Bureau of Investigation official removed from probe for anti-Trump remarks
Mr Comey said that request came a day after Mr Trump forced Mr Flynn to resign his White House post . At the time they left Mueller's group, no one publicly linked the two departures.

Penn State returns to Fiesta Bowl to play Washington
Penn State has never lost in six previous trips to the Fiesta Bowl , though its last appearance was in 1997. Most expected the Lions and Huskies would play in the Cotton Bowl.

Southampton player defends Manchester City's Guardiola over pep talk
Manchester City manager Pep Guardiola talks to Southampton's Nathan Redmond , who looks dejected, at the end of the match. All the managers want to help their players because if they play bad we'll be sacked.

Kehlani Wins Rule Breaker Award, Performs "Honey" At Billboard's Women In Music
Clarkson was at the awards ceremony to receive the Powerhouse Award from Billboard . "Just accept the fact that there is room for everyone".

Supermoon to light up the sky this weekend
Stargazers will get a chance to witness the first and only supermoon of this year Sunday night. This last full moon of the year is known as a Frost Moon, Cold Moon or Moon Before Yule.

Florida Teen Found in New York After Disappearing With Soccer Coach
Her former soccer coach Rian Rodriguez, 27, is now in jail on a charge of interference with a child's custody. A photo provided to ABC News by the family on Saturday showed Frisina smiling while embracing her parents.

Law enforcement speak again, continue work in finding Mariah Woods
Woods also revealed that her daughter has to wear orthopedic leg braces and worries that she won't be able to walk without them. The girl's biological father, Alex Woods, who does not live with the child or her mother, has questioned the kidnapping story.

Tendencies