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If Ireland gets to keep the €13 billion Apple money tomorrow

Atlantic Dawn

So tomorrow the General Court of the European Union will decide whether Ireland is owed €13 billion in tax from Apple.

I prupose that everyone in the country is given a €2500 voucher to spend on Apple tat to lighten the blow on the company and promote technology in the country.

Any other ideas on what to blow the money on?

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JJayoo

jimmycrackcorm wrote: »

SF are big fans of Venezuela and would love to model Ireland on the same socialist policies. Venezuela, with the largest oil reserves in the world and people barely able to eat.

I have never once heard any sein Fein politician talk about Venezuela...did you just make that up?

paul71

JJayoo wrote: »

I have never once heard any sein Fein politician talk about Venezuela...did you just make that up?

https://www.independent.ie/irish-news/politics/sinn-fein-defend-backing-venezuelan-president-despite-40-deaths-in-civil-unrest-37761300.html

https://www.rte.ie/news/world/2019/0111/1022683-sinn-fein-attends-maduro-inauguration/

https://www.sinnfein.ie/contents/52340

They are obsessed with them

cameramonkey

gailforecast wrote: »

Increase the dole to 1000 a week

Rodney Bathgate wrote: »

I’d rather see it burnt.

2000 then.

TheChizler

Sleeper12 wrote: »

I'd be surprised if 5 percent of it was for Ireland.

AFAIR none of it is for Ireland, they already paid Revenue 12.5% of profits on sales actually made here. We just didn't charge them anything on profits made in other EU countries.

Shefwedfan

A Tyrant Named Miltiades! wrote: »

I don't think you see my point, maybe I didn't make it clearly though.

Ireland has already done the correct thing by challenging the Apple Tax judgment. However, should the decision go against Ireland, and again on appeal, and then Ireland gains some fraction of the Apple Tax payment -- how would this really impact MNCs here?

The regime which is in dispute has already gone extinct. Apple has, by itself, altered its tax planning. It has been paying large amounts of tax to the US since, I think, 2017.18.

All that is in question here is the an old tax bill. The Irish tax regime, at present, is not iimpugned at all.

So I cannot see why anyone would make the claim that it's at risk.

It has been confirmed if Europe wins this case it will go after all the other MNC, so IBM, HP, etc etc

This will mean one of biggest attractions for these companies is gone.

So why pick Ireland v France the next time you want to build a new multi billion facility? Ireland can’t even run a train from the airport to the city. Our education system is going one way, problem with gangs, plus all the others already mentioned.

touts

On Morning Ireland they just said one of our European "Partners" had already taken over 200m from the fund.

My bet is by the time our "friends" in Europe are finished we'll have to asset strip the country again to pay them. With friends like this who needs vultures.

Wanderer78

Accept it as stocks and shares, and fire it into a swf

[Deleted User]

Irish Praetorian wrote: »

We could do something boring and pay off 1/12th of our national debt?

Dull, but maybe slightly improves things for future generations?

Feck future generations.

Earthhorse

Free iPads for all. That way, everyone wins.

screamer

SEPT 23 1989 wrote: »

Not sure I agree but The Green Party proposed filling in the canals with concrete and building high speed rail lines on them

Holy ****, I hope this is a joke.

screamer

ReginaldSmythV wrote: »

Feck future generations.

We’ve already fecked them they’ll be paying off the bailout loans for generations. We shouldn’t thInk so short term and self interested. Life for future generations is gonna get tougher, not easier.

suicide_circus

SEPT 23 1989 wrote: »

Not sure I agree but The Green Party proposed filling in the canals with concrete and building high speed rail lines on them

bio diversity in the city would take a big hit

Pkiernan

Atlantic Dawn wrote: »

So tomorrow the General Court of the European Union will decide whether Ireland is owed €13 billion in tax from Apple.

I prupose that everyone in the country is given a €2500 voucher to spend on Apple tat to lighten the blow on the company and promote technology in the country.

Any other ideas on what to blow the money on?

It needs to be given to life long welfare recipients

FintanMcluskey

Zariyah Worried Snob wrote: »

Going our way is Apple keeping their money, the Irish government have rightly being fighting in favour of Apple keeping their money rather than it being stolen by the EU.

13 billion is nothing compared to what we get from us multinationals over the years and what we will get keeping them well onside into the future.

It will be a very very bad day for Ireland if the Eu rule in favour of the tax being owed.

People dont understand this.

Foreign direct investment is why Ireland has done so well in the last 40 years.

Indigenous industry is non existent

Yester

One quick trip to Vegas and we could easily turn that €13 billion into 26.

Wanderer78

Yester wrote: »

One quick trip to Vegas and we could easily turn that €13 billion into 26.

or -26

hmmm

FintanMcluskey wrote: »

People dont understand this.

Foreign direct investment is why Ireland has done so well in the last 40 years.

Indigenous industry is non existant

Yep. Our foreign direct investment is worth a lot more than 13 billion. We will probably have no choice but to appeal if it goes against us.

If the court ruling does say the 13 billion needs to be paid, that is owed to governments across Europe. We'll get a few million perhaps, and we will be lucky if those other states don't sue us for not properly taxing multinationals.

seamus

Zariyah Worried Snob wrote: »

It will be a very very bad day for Ireland if the Eu rule in favour of the tax being owed.

Nah, that's not true. The tax loopholes that Apple used to hide this money in the first place, don't exist any more.

Ireland has fought this the whole way, so multinationals are under no illusion about Ireland's commitment to its own laws.

The best outcome for Ireland is a ruling against us. It means we have proven that we won't just roll over when the EU disagrees with our taxation, but we also get a chunk of cash.

Multinationals won't increase or decrease investment in Ireland on the basis of this ruling, because it doesn't change anything about our tax regime or how we treat foreign investment.

Wanderer78

seamus wrote: »

Nah, that's not true. The tax loopholes that Apple used to hide this money in the first place, don't exist any more.

Ireland has fought this the whole way, so multinationals are under no illusion about Ireland's commitment to its own laws.

The best outcome for Ireland is a ruling against us. It means we have proven that we won't just roll over when the EU disagrees with our taxation, but we also get a chunk of cash.

Multinationals won't increase or decrease investment in Ireland on the basis of this ruling, because it doesn't change anything about our tax regime or how we treat foreign investment.

so maintaining our current tax structures with mnc's are good for us because....

Pkiernan

It should be spent on security for the Luke Kelly statue

awec

Apple have won their appeal.

L1011

EU will almost certainly appeal to the ECJ meaning this rumbles on for another two to five years. As would we have if it'd gone the other way.

EndaHonesty

awec wrote: »

Apple have won their appeal.

The Irish government have won their appeal...

https://www.irishtimes.com/business/economy/ireland-wins-appeal-in-13bn-apple-tax-case-1.4305044

Shefwedfan

EndaHonesty wrote: »

The Irish government have won their appeal...

https://www.irishtimes.com/business/economy/ireland-wins-appeal-in-13bn-apple-tax-case-1.4305044

Excellent news

Shefwedfan

Problem is they will now appeal to the highest court

Sheep Shagger

https://www.rte.ie/news/business/2020/0715/1153349-apple-ireland-eu/

[Deleted User]

Even though we were never really going to get much, I kinda wish the Government lose on appeal.

Otherwise we're going to keep hearing for decades about how the Government gave away 13 billion euro of our money.

The Shell2Sea of our days.

Somewhere, Paul Murphy is picking up a megaphone.

Sheep Shagger

The fund is actually worth just under €14bn now....some bad investments plus management fees.

https://www.gov.ie/en/publication/aa8a0-cover-note-for-ireland-apple-escrow-fund-2019-financial-statements/

antodeco

Can we not just stick this in an a high interest account and get a few more Bob from it?

murpho999

A Tyrant Named Miltiades! wrote: »

Even though we were never really going to get much, I kinda wish the Government win on appeal.

Otherwise we're going to keep hearing for decades about how the Government gave away 13 billion euro of our money.

The Shell2Sea of our days.

Somewhere, Paul Murphy is picking up a megaphone.

I don't think you get this case as the government has won and are not collecting the tax.