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

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    #62
    JJayoo
    Registered Users Posts: 6,561 ✭✭✭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?


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    #63
    paul71
    Registered Users Posts: 3,164 ✭✭✭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


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    #64
    cameramonkey
    Closed Accounts Posts: 3,220 ✭✭✭cameramonkey


    gailforecast wrote: »
    Increase the dole to 1000 a week

    Rodney Bathgate wrote: »
    I’d rather see it burnt.


    2000 then.


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    #65
    TheChizler
    Registered Users Posts: 9,439 ✭✭✭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.


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    #66
    Shefwedfan
    Closed Accounts Posts: 18,958 ✭✭✭✭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.


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    #67
    touts
    Registered Users Posts: 6,448 ✭✭✭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.


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    #68
    Wanderer78
    Registered Users Posts: 28,944 ✭✭✭✭Wanderer78


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


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    #69
    [Deleted User]
    Posts: 7,712 ✭✭✭ [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.


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    #70
    Earthhorse
    Registered Users Posts: 14,714 ✭✭✭✭Earthhorse


    Free iPads for all. That way, everyone wins.


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    #71
    screamer
    Registered Users Posts: 6,134 ✭✭✭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.


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    #72
    screamer
    Registered Users Posts: 6,134 ✭✭✭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.


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    #73
    suicide_circus
    Registered Users Posts: 19,802 ✭✭✭✭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


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    #74
    Pkiernan
    Registered Users Posts: 4,315 ✭✭✭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


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    #75
    FintanMcluskey
    Registered Users Posts: 8,290 ✭✭✭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


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    #76
    Yester
    Registered Users Posts: 1,497 ✭✭✭Yester


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


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    #77
    Wanderer78
    Registered Users Posts: 28,944 ✭✭✭✭Wanderer78


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

    or -26


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    #78
    hmmm
    Registered Users Posts: 11,205 ✭✭✭✭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.


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    #79
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭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.


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    #80
    Wanderer78
    Registered Users Posts: 28,944 ✭✭✭✭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....


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    #81
    Pkiernan
    Registered Users Posts: 4,315 ✭✭✭Pkiernan


    It should be spent on security for the Luke Kelly statue


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    #82
    awec
    Administrators Posts: 53,505 Admin ✭✭✭✭✭awec


    Apple have won their appeal.


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    #83
    L1011
    Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 67,948 Mod ✭✭✭✭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.


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    #84
    EndaHonesty
    Closed Accounts Posts: 1,544 ✭✭✭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


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    #85
    Shefwedfan
    Closed Accounts Posts: 18,958 ✭✭✭✭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


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    #86
    Shefwedfan
    Closed Accounts Posts: 18,958 ✭✭✭✭Shefwedfan


    Problem is they will now appeal to the highest court


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    #87
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,260 Mod ✭✭✭✭Sheep Shagger


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


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    #88
    [Deleted User]
    Posts: 13,712 ✭✭✭✭ [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.


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    #89
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,260 Mod ✭✭✭✭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/


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    #90
    antodeco
    Registered Users, Subscribers Posts: 13,449 ✭✭✭✭antodeco


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


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    #91
    murpho999
    Registered Users Posts: 28,441 ✭✭✭✭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.


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