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Solution

Apple should repay 13 Billion Euros.

kids
Community Champion (Retired)
Community Champion (Retired)
7 REPLIES 7

BandOfBrothers
17: Community Champion
17: Community Champion

Apple CEO Tim Cooks response. 

 

Apple ~ Customer-letter.

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grolschuk
Community Champion (Retired)
Community Champion (Retired)

What makes it even better is that Ireland is on Apple's side, and wanting to appeal.

BandOfBrothers
17: Community Champion
17: Community Champion

@grolschuk wrote:

What makes it even better is that Ireland is on Apple's side, and wanting to appeal.


 

A drop in the ocean in relation to Apples Cash Reserves. 

 

That said if warranted then pay up Mr Cook.  :Winking_smiley:

Current Phone  >

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hrym
17: Community Champion
17: Community Champion

We still haven't worked out how to apply tax in a global economy.   In the mean time, large companies are playing one jurisdiction off against another, or simply existing in cyberspace where tax doesn't happen.

 

That said, countries are permanently short of money and politicians can't see a pile of cash without working out how to help themselves to a chunk of it.  Hence spurious "anti-trust" cases against the likes of Microsoft or Google - Apple have so far managed to portray themselves as minnows and escape this.

jeffkinn
17: Community Champion
17: Community Champion

All company directors have one single aim in life and that is to maximise the return to their shareholders. Tax planning to reduce the burden is an essential element of that and as long as they are not breaking the law there is nothing wrong with that.

 

Also taxation is a legal issue and not a moral one - there is no moral imperative to pay more tax than you have to pay.

 

This is a case of the EU overriding national tax laws on the pretext that it amounted to state aid to a corporation. Even as a fervent remainer, this is an area that the EU should probably keep its nose out of. I'm not surpised Ireland is appealing  - they stand to lose a lot more if Apple up sticks and goes elsewhere.

 

Also 13 billion of whatever currency is a lot even to Apple.

Jeffkinn_Sig.png

hrym
17: Community Champion
17: Community Champion

@jeffkinn wrote:

 

Also taxation is a legal issue and not a moral one - there is no moral imperative to pay more tax than you have to pay.


Absolutely, and that's where the dilemma lies.  At the moment, governments are playing the morality card, but that's just shifting responsibility for tax policy onto payers.   The logical conclusion is that your tax laws just say "pay whatever you think you should".   Google and Amazon wee castigated by a parliamentary committee for not paying "enough" tax.   I wish they'd had the courage to say "You're the government, tax policy is for you to set.  If you don't want to, and you want to outsource it, say so and be honest about it but, as a voter, I wouldn't be happy with that."

Getafix
16: Advanced member
16: Advanced member

@jeffkinn wrote:

 

 

Also 13 billion of whatever currency is a lot even to Apple.


Several currencies that would be in £10s of Million. :smileywink:

A lot for many of us, but not sure about Apple.

 

Having said that, all that £10s of m, is what made Apple's billion. :smileysurprised: