Hooray!!! 19 billion tax windfall for Ireland

Youngblood.III · 06-09-2015 7:20pm #1

"In a worst-case scenario, Apple may face a $19bn bill if the Government loses its case and is forced to recoup tax from the company, said JPMorgan Chase analyst Rod Hall"

F@@k Apple....they are an unethical company...I hope the tax officials and apple lose this case.

.....now wait for the "Apple give us billions through wages for the 100,000 jobs here" bullsìttèrs

mass_debater · 06-09-2015 7:27pm

Won't it take years in court costing us a fortune defending our policies

Youngblood.III · 06-09-2015 7:29pm

It's an investigation by Europe, sure we can pay them back now...
........now I'm off to buy a Bulgarian apartment

Yamanoto · 06-09-2015 7:31pm

Result.

A further 830 years of e-voting machine storage sorted right there.

Gatling · 06-09-2015 7:32pm

Gift of €19 billion to be given to the Germany government from ireland to fund illegal economic migrants lifestyles

Darkslide · 06-09-2015 7:32pm

Why are they unethical and which company in a similar industry do you find ethical?

Collie D · 06-09-2015 7:33pm

Gatling wrote: »

Gift of €19 billion to be given to the Germany government from ireland to fund illegal economic migrants lifestyles

What a bizarre post

darkpagandeath · 06-09-2015 7:33pm

Darkslide wrote: »

Why are they unethical and which company in a similar industry do you find ethical?

None, They are all the same. Protesting they do nothing wrong technically.

Youngblood.III · 06-09-2015 7:37pm

Darkslide wrote: »

Why are they unethical and which company in a similar industry do you find ethical?

it's abuse of tax systems to line their pockets...is that not enough for ya? this is a thread about apple and it's tax arrangements here

Outkast_IRE · 06-09-2015 7:38pm

Ireland and Apple will fight this one tooth and nail.

Apple are very committed to Ireland, especially their HQ in Cork.

The amount of money they have spent on their Campus in Cork in the last few years is massive, they have added huge numbers of jobs very quietly, and intend on adding many more over the next few years.

Mena · 06-09-2015 7:39pm

19 billion lasts us .5 of a year and Apple pulls out with all its jobs and goes to a 1st world country.

darkpagandeath · 06-09-2015 7:40pm

Youngblood.III wrote: »

it's abuse of tax systems to line their pockets...is that not enough for ya? this is a thread about apple and it's tax arrangements here

Some government type will be along soon to tell one there is no arrangement. And with a straight face. :pac:

Youngblood.III · 06-09-2015 7:41pm

Outkast_IRE wrote: »

Ireland and Apple will fight this one tooth and nail.

Apple are very committed to Ireland, especially their HQ in Cork.

The amount of money they have spent on their Campus in Cork in the last few years is massive, they have added huge numbers of jobs very quietly, and intend on adding many more over the next few years.

Great, so tell me, what's wrong with paying correct taxes?

Darkslide · 06-09-2015 7:42pm

Youngblood.III wrote: »

it's abuse of tax systems to line their pockets...is that not enough for ya? this is a thread about apple and it's tax arrangements here

No. How do you think they availed of the deal in the first place? You can't blame a company for wanting to pay less tax. Especially when government hand it to you on the plate, 'nice and legal like.'

Youngblood.III · 06-09-2015 7:42pm

Mena wrote: »

19 billion lasts us .5 of a year and Apple pulls out with all its jobs and goes to a 1st world country.

We are a 1st world country!!!!

kneemos · 06-09-2015 7:43pm

Youngblood.III wrote: »

it's abuse of tax systems to line their pockets...is that not enough for ya? this is a thread about apple and it's tax arrangements here

It's an incentive to locate here,like many other countries offer.
Better here than Scotland,though I get the dodgy ethics of it.

Mint Aero · 06-09-2015 7:43pm

All them crummy IT companies need to high tale their asses out of our country. We're not functioning with this crap and low taxes sh*te. Ireland needs to build an export economy focused on production and manufacture. What like Germany does. Lets the indians deal with this IT crap. What are we? the indians of Europe? Working for nothing.

Youngblood.III · 06-09-2015 7:43pm

Darkslide wrote: »

No. How do you think they availed of the deal in the first place?

Tell us...'O Great One'

Nodin · 06-09-2015 7:43pm

Gatling wrote: »

Gift of €19 billion to be given to the Germany government from ireland to fund illegal economic migrants lifestyles

Dear o dear.

Darkslide · 06-09-2015 7:44pm

Youngblood.III wrote: »

Tell us...'O Great One'

Oh. You're a child. I see where the tantrum-like posting is coming from. Bye.

Eugene Norman · 06-09-2015 7:45pm

Mint Aero wrote: »

All them crummy IT companies need to high tale their asses out of our country. We're not functioning with this crap and low taxes sh*te. Ireland needs to build an export economy focused on production and manufacture. What like Germany does. Lets the indians deal with this IT crap. What are we? the indians of Europe? Working for nothing.

That's a great plan. I hope you run for office.

darkpagandeath · 06-09-2015 7:47pm

Eugene Norman wrote: »

That's a great plan. I hope you run for office.

What's sustainable about companies that can leave ?

Youngblood.III · 06-09-2015 7:47pm

If these companies want to operate here, pay the taxes...no excuse, they are low enough rates.

Eugene Norman · 06-09-2015 7:47pm

If the European Union finds Apple delinquent the U.S. will declare a tax "holiday" equal to the Irish corporate tax rate and Apple will probably just send the money home rather than pay tax in the EU.

Youngblood.III · 06-09-2015 7:48pm

Darkslide wrote: »

Oh. You're a child. I see where the tantrum-like posting is coming from. Bye.

Mmmm...an apple "employee" just left the room.

ytpe2r5bxkn0c1 · 06-09-2015 7:48pm

Youngblood.III wrote: »

We are a 1st world country!!!!

By definition Ireland is Third World; being neutral or unaligned.

JustTheOne · 06-09-2015 7:49pm

People really don't understand the simple concept of jobs these companies give.

Who cares if they pay 0 tax, they create jobs for thousands which is beneficial to any country.

Guy:Incognito · 06-09-2015 7:49pm

Mint Aero wrote: »

All them crummy IT companies need to high tale their asses out of our country. We're not functioning with this crap and low taxes sh*te. Ireland needs to build an export economy focused on production and manufacture. What like Germany does. Lets the indians deal with this IT crap. What are we? the indians of Europe? Working for nothing.

Even if we made nothing from them at all, we save by not paying the dole to a few thousand people.
say 5000 people have jobs, thats €940,000 a week (plus any extras like rent allowance etc) that the government is not spending.

Eugene Norman · 06-09-2015 7:50pm

darkpagandeath wrote: »

What's sustainable about companies that can leave ?

Well Apple has been here since 1980 so hardly fly by night. If the commission finds against Apple we still have the low 12.5%.

However mint aero wants all IT companies to go to India regardless. In the meantime he wants us to invent local indigenous industries to compete with Germany.

Youngblood.III · 06-09-2015 7:50pm

Eugene Norman wrote: »

If the European Union finds Apple delinquent the U.S. will declare a tax "holiday" equal to the Irish corporate tax rate and Apple will probably just send the money home rather than pay tax in the EU.

How...its tax they already owe in Europe

darkpagandeath · 06-09-2015 7:50pm

JustTheOne wrote: »

People really don't understand the simple concept of jobs these companies give.

Who cares if they pay 0 tax, they create jobs for thousands which is beneficial to any country.

America and the EU apparently.

JustTheOne · 06-09-2015 7:51pm

Guy:Incognito wrote: »

Even if we made nothing from them at all, we save by not paying the dole to a few thousand people.
say 5000 people have jobs, thats €940,000 a week (plus any extras like rent allowance etc) that the government is not spending.

Simple concept that the left and their followers just can't get their head around.

Eugene Norman · 06-09-2015 7:51pm

Guy:Incognito wrote: »

Even if we made nothing from them at all, we save by not paying the dole to a few thousand people.
say 5000 people have jobs, thats €940,000 a week (plus any extras like rent allowance etc) that the government is not spending.

Far more than thst since all high paying jobs have multipler effects creating more jobs down line, who pay taxes etc.

That said they should pay the corporate rate here of course.

Youngblood.III · 06-09-2015 7:51pm

Jett Square Pepperoni wrote: »

By definition Ireland is Third World; being neutral or unaligned.

In living standards we are a 1st world country.

darkpagandeath · 06-09-2015 7:51pm

Eugene Norman wrote: »

Well Apple has been here since 1980 so hardly fly by night. If the commission finds against Apple we still have the low 12.5%.

However mint aero wants all IT companies to go to India regardless. In the meantime he wants us to invent local indigenous industries to compete with Germany.

They have been here since the Tax deal, Just like the rest.

darkpagandeath · 06-09-2015 7:52pm

JustTheOne wrote: »

Simple concept that the left and their followers just can't get their head around.

Americas left ? They want apple to pay tax as well.

Collie D · 06-09-2015 7:52pm

Eugene Norman wrote: »

However mint aero wants all IT companies to go to India regardless. In the meantime he wants us to invent local indigenous industries to compete with Germany.

Have you an issue with Ballintubber Motor Works?

Eugene Norman · 06-09-2015 7:53pm

Youngblood.III wrote: »

How...its tax they already owe in Europe

America also claims it because the company can be taxed where its head quarters are if it transfers money back to HQ. It doesn't owe tax to Europe, it's either Ireland or the U.S.

JustTheOne · 06-09-2015 7:53pm

darkpagandeath wrote: »

Americas left ? They want apple to pay tax as well.

No Ireland's left.

They want to increase the tax rate.

Mena · 06-09-2015 7:53pm

Youngblood.III wrote: »

In living standards we are a 1st world country.

Not if people with your gift for economics ever make it into public office...

BreadnBuddha · 06-09-2015 7:53pm

Eugene Norman wrote: »

That's a great plan. I hope you run for office.

I hope he trips.

Youngblood.III · 06-09-2015 7:54pm

The US wouldn't dare do that to Europe for Apple.

Boskowski · 06-09-2015 7:54pm

Collie D wrote: »

What a bizarre post

There is a whole new National Boards Front visible here lately. They can be identified by phrases like 'pleasing Germany', 'our own first', 'water charges', '* immigrants'. They barge into randomly selected threads and make some sort of twisted connection with their agenda and then f*ck off again. Some are more persistent.

You know who you are. I'm on to you. (always wanted to say that)

darkpagandeath · 06-09-2015 7:55pm

JustTheOne wrote: »

No Ireland's left.

They want to increase the tax rate.

No they don't they want the current tax rate to be paid.

Eugene Norman · 06-09-2015 7:56pm

darkpagandeath wrote: »

They have been here since the Tax deal, Just like the rest.

Apple is accused of getting an exemption to the 12.5%. The 12.5% isn't yet under threat.

Eoin247 · 06-09-2015 7:57pm

Youngblood.III wrote: »

The US wouldn't dare do that to Europe for Apple.

Why would it be for Apple? They would be more than happy to take in more tax money if they are justified in doing so.

Youngblood.III · 06-09-2015 7:58pm

Mena wrote: »

Not if people with your gift for economics ever make it into public office...

So, we would all revert to living in mud huts and sticks...!!

The US and Europe are slowly closing in on these "honeymoon" deals that the likes of Apple etc have...its only a matter of time before all these companies will HAVE to pay proper taxes in one place or another.

Youngblood.III · 06-09-2015 7:59pm

Eoin247 wrote: »

Why would it be for Apple? They would be more than happy to take in more tax money if they are justified in doing so.

And start an economic war with Europe?

Clearlier · 06-09-2015 8:01pm

Youngblood.III wrote: »

Great, so tell me, what's wrong with paying correct taxes?

The argument is that they are using loopholes created by the existence of disparate national tax codes to avoid paying tax. As this is not the intention of the tax system and there is an expectation that Apple and many others will pay taxes that are due their behaviour is unethical. The argument about legality appears to be up for debate.

I'm guessing that the 19bn is probably mostly due to other European countries but I'm not familiar with this case.

Streetwalker · 06-09-2015 8:04pm

Will remember this the next time some ar sehole from Labour or FG comes knocking on my door looking for votes.

Eugene Norman · 06-09-2015 8:07pm

Youngblood.III wrote: »

The US wouldn't dare do that to Europe for Apple.

The U.S. isn't scared of the EU.

There's a feeling in Ireland that Apple is screwing Ireland. There's a feeling in other countries that Ireland is screwing other countries by being a tax haven. Only one of these is true.

Which?

Ireland isn't being screwed. In fact Ireland adds little to Apples bottom line compared to where the IP is made, largely in Cupertino. What adds value to the largely off the shelf components that make an iPhone is the design, and the OS. They do add some features to the ARM chipset so its not quite off the shelf, but that's also designed in Cupertino. The assembly of these components is a trivial manufacturing handled by FoxConn, basically an expense to Apple. So morally it's hard to see the Irish taxpayer as being hard pressed here.

The U.S. taxpayer has a greater call on the money.

As to whether the Irish economy will survive if these special deals -- beyond the 12.5% -- are eliminated the 12.5% still survives.

Even if the EU forced a European wide corporate tax companies would only flee Ireland if somewhere else had lower tax rates, by definition this would be outside Europe. Which isn't in Europes interest, so any EU wide corporation tax would be competitive.

Hooray!!! 19 billion tax windfall for Ireland

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