Skip to main content

Apple and Ireland win appeal against the European Commission’s $15 billion tax ruling

https://forum.fensgame.com/showthread.php?tid=23121

http://forum.mukhronus.com/thread-60729.html

https://forums.empressflyff.com/showthread.php?tid=161033&pid=439488

http://istari-zone.net/forums/showthread.php?tid=1359&pid=12602

https://www.rawproject.eu/forum/viewtopic.php?f=14&t=20388

https://www.rawproject.eu/forum/viewtopic.php?t=12552

https://www.rawproject.eu/forum/viewtopic.php?t=149

https://www.rawproject.eu/forum/viewtopic.php?t=15687

The General Court of the European Court of Justice has annulled an EU decision that involved Apple’s  subsidiaries in Ireland. Four years ago, the European Commission said that Ireland had failed to collect €13 billion in taxes from Apple — roughly $15 billion.

According to the press statement, “the Commission did not succeed in showing to the requisite legal standard that there was an advantage for the purposes of Article 107(1) TFEU [Treaty of the Functioning of the European Union].”

Back in 2017, the Commission said Apple received illegal state aid and should have paid more taxes. But the General Court, Europe’s first instance court, says that this argument doesn’t represent a legal basis.

“According to the General Court, the Commission was wrong to declare that [Apple Sales International] and [Apple Operations Europe] had been granted a selective economic advantage and, by extension, State aid,” the court wrote in a statement.

https://www.rawproject.eu/forum/viewtopic.php?t=28298

https://www.rawproject.eu/forum/viewtopic.php?t=18086

https://www.rawproject.eu/forum/viewtopic.php?t=17633

https://www.rawproject.eu/forum/viewtopic.php?t=292

https://www.rawproject.eu/forum/viewtopic.php?t=18134

https://vigilance-medicaments.org/forum/viewtopic.php?t=193019

https://vigilance-medicaments.org/forum/viewtopic.php?t=169822

https://vigilance-medicaments.org/forum/viewtopic.php?t=188707

https://vigilance-medicaments.org/forum/viewtopic.php?t=181273

https://vigilance-medicaments.org/forum/viewtopic.php?t=195729

https://vigilance-medicaments.org/forum/viewtopic.php?t=176950

http://vigilance-medicaments.org/forum/viewtopic.php?t=218199

http://vigilance-medicaments.org/forum/viewtopic.php?t=218169

http://vigilance-medicaments.org/forum/viewtopic.php?t=216832

Today’s decision represents a blow to the European Commission’s  strategy to track down multinational corporations that have been optimizing their tax structure in order to lower their effective tax rate across Europe — a strategy that was mostly incarnated by then Competition Commissioner Margrethe Vestager.

Between 2003 and 2014, Apple operated with two main subsidiaries in Europe — Apple Sales International and Apple Operations Europe. Back then, the Commission said those subsidiaries attributed the vast majority of their profit to a head office that only exists on paper. “This selective treatment allowed Apple to pay an effective corporate tax rate of 1 per cent on its European profits in 2003 down to 0.005 per cent in 2014,” Vestager wrote in 2016.

Apple’s arguments have always been quite straightforward. According to the company, Ireland never cut a deal with Apple. “The opinion issued on August 30th alleges that Ireland gave Apple a special deal on our taxes. This claim has no basis in fact or in law. We never asked for, nor did we receive, any special deals,” Apple CEO Tim Cook said in 2016.

While Apple has continuously maintained that it complies with tax laws in Europe, it took advantage of favorable tax laws in Ireland and the so-called Double Irish tax structure.

As tax optimization schemes come and go, Apple changed its European structure in 2014. Apple Sales International and Apple Operations International moved its cash stockpile to the tiny island of Jersey.


http://fireblade.ru/index.php?showtopic=45045

http://fireblade.ru/index.php?showtopic=44802

http://fireblade.ru/index.php?showtopic=45039

http://fireblade.ru/index.php?showtopic=45092

http://fireblade.ru/index.php?showtopic=43619

https://kysykelasta.kela.fi/viewtopic.php?t=72911

https://kysykelasta.kela.fi/viewtopic.php?t=68068

https://kysykelasta.kela.fi/viewtopic.php?t=81490

https://kysykelasta.kela.fi/viewtopic.php?t=81316

https://kysykelasta.kela.fi/viewtopic.php?t=81514

https://kysykelasta.kela.fi/viewtopic.php?t=66533

https://kysykelasta.kela.fi/viewtopic.php?t=81463

https://kysykelasta.kela.fi/viewtopic.php?t=80073

https://kysykelasta.kela.fi/viewtopic.php?t=69475

https://kysykelasta.kela.fi/viewtopic.php?p=257364

In 2018, Apple started allocating money in case it had to pay back €13 billion to Ireland. Everything is currently sitting in an escrow account. The defeated side can still appeal the decision on points of law, so the money might remain in the escrow account a little longer.

Update: Executive Vice-President Margrethe Vestager  wrote the following statement:

“Today’s judgment by the General Court annuls the Commission’s August 2016 decision that Ireland granted illegal State aid to Apple through selective tax breaks. We will carefully study the judgment and reflect on possible next steps.

The Commission’s decision concerned two tax rulings issued by Ireland to Apple, which determined the taxable profit of two Irish Apple subsidiaries in Ireland between 1991 and 2015. As a result of the rulings, in 2011, for example, Apple’s Irish subsidiary recorded European profits of US$ 22 billion (c.a. €16 billion) but under the terms of the tax ruling only around €50 million were considered taxable in Ireland.

https://kysykelasta.kela.fi/viewtopic.php?p=257356

https://kysykelasta.kela.fi/viewtopic.php?t=63959

http://caddo.io/forum/viewtopic.php?f=3&t=120632

http://caddo.io/forum/viewtopic.php?t=43102

http://caddo.io/forum/viewtopic.php?f=3&t=116692

http://caddo.io/forum/viewtopic.php?t=47556

http://caddo.io/forum/viewtopic.php?t=103426

http://caddo.io/forum/viewtopic.php?t=35744

http://caddo.io/forum/viewtopic.php?t=102265

http://caddo.io/forum/viewtopic.php?t=125517

http://caddo.io/forum/viewtopic.php?t=128943

http://forumproperti.com/showthread.php?tid=3392

http://fotografhaberleri.net/forum/showthread.php?tid=139254

http://www.kadimkrallik.com/forum/thread-5390.html

https://www.eclipse-gaming.de/forum/showthread.php?tid=6890

http://mysourcetelevision.com/forum/showthread.php?tid=71704

https://hiztegia.labayru.eus/forum/showthread.php?tid=1222

http://www.trocdelavape.com/thread-895175.html

http://ph-ro.net/forums/showthread.php?tid=36

https://footforthought.boardhost.com/viewtopic.php?pid=9304

https://footforthought.boardhost.com/viewtopic.php?id=7729

https://footforthought.boardhost.com/viewtopic.php?id=7742

https://footforthought.boardhost.com/viewtopic.php?id=11809

The Commission stands fully behind the objective that all companies should pay their fair share of tax. If Member States give certain multinational companies tax advantages not available to their rivals, this harms fair competition in the EU. It also deprives the public purse and citizens of funds for much needed investments – the need for which is even more acute during times of crisis.

In previous judgments on the tax treatment of Fiat in Luxembourg and Starbucks in the Netherlands, the General Court confirmed that, while Member States have exclusive competence in determining their laws concerning direct taxation, they must do so in respect of EU law, including State aid rules. Furthermore, the General Court also confirmed the Commission’s approach to assess whether a measure is selective and whether transactions between group companies give rise to an advantage under EU State aid rules based on the so-called ‘arm’s length principle’.

The Commission will continue to look at aggressive tax planning measures under EU State aid rules to assess whether they result in illegal State aid. At the same time, State aid enforcement needs to go hand in hand with a change in corporate philosophies and the right legislation to address loopholes and ensure transparency. We have made a lot of progress already at national, European and global levels, and we need to continue to work together to succeed.”

https://footforthought.boardhost.com/viewtopic.php?id=21138

https://footforthought.boardhost.com/viewtopic.php?pid=2937

https://footforthought.boardhost.com/viewtopic.php?pid=9210

https://footforthought.boardhost.com/viewtopic.php?pid=3863

Comments

Popular posts from this blog

GET TECHNICAL FORUMS

http://www.streathamcommonforum.co.uk/viewtopic.php?f=14&t=21768 http://www.cyklistikakrnov.com/forum/viewtopic.php?t=89069 http://fms.misionsucre.gob.ve/foro/viewtopic.php?t=902593 http://forum.prokarters.co.uk/viewtopic.php?f=2&t=545030 https://techninjahub.blogspot.com/2019/05/get-technology-ideas-from-here.html https://technicalweb85.blogspot.com/2019/05/get-technical-support-by-visiting-this.html https://www.ex-ttcommunity.com/forum/viewtopic.php?t=239190 http://understandanxiety.org/anxiety-forum/viewtopic.php?t=44589 http://www.skyarn.fr/forum/viewtopic.php?t=59733 http://www.trungvitlon.com/viewtopic.php?t=2215 http://www.taflan.org/viewtopic.php?t=297889 http://cafe103.info/phpBB/viewtopic.php?t=95110 http://forum.rethia.net/viewtopic.php?t=1331399 https://coalpail.com/coal-forum/viewtopic.php?t=12562 http://frlegends.net/showthread.php?tid=11133 http://forum.packbel.by/viewtopic.php?t=51682 http://pure-arrogance.de/forum/viewtopic.php?...

Finary wants to create the wealth management dashboard for the next generation

 Meet Finary, a new French startup that wants to change how you manage your savings, investments, mortgage, real estate assets and cryptocurrencies. The company lets you aggregate all your accounts across various banks and financial institutions so that you can track your wealth comprehensively over time. After attending Y Combinator, the startup has just closed a $2.7 million (€2.2 million) seed round led by Speedinvest with Kima Ventures and angel investors, such as Raphaël Vullierme also participating. https://www.redheronation.org/forums/showthread.php?tid=892 http://forum.naronanews.com/showthread.php?tid=19123 https://crackx.to/Thread-Mega-nz-voucher-codes http://kaikodai.com/viewtopic.php?f=16&t=60576 https://whitehatcommunity.com/showthread.php?pid=217878&tid=148248 http://hanabilkova.svet-stranek.cz/nakup/41 http://mobile.jaksezijespolecnicim.stranky1.cz/forum/ http://maskedavengerstudios.blogspot.com/2014/07/batman66-king-tut.html https://emrebaransel.blogspot.com...

Daily Crunch: Jio and Google set November 4 rollout for India’s $87 JioPhone Next

Hello and welcome to Daily Crunch for October 29, 2021. If you feel a little snowed-under after all the news from the week, we understand. This week saw Facebook change its name, new hardware from Google and Samsung, Apple laptops reviews, Sequoia revamping its entire structure, Big Tech earnings, issues at Ro, and eighty-eleven startup funding rounds and product launches. But we made it through, so let’s go back over today’s biggest news and then get right into this weekend! —Alex The TechCrunch Top 3 Public cloud revenues reach $45B: In the third quarter, the value of public cloud revenues from Google, Microsoft and Amazon hit $45 billion, a figure good for a $180 billion run rate. That figure underscores how far the cloud has come in recent years and represents spend from a host of companies big and small, tech and otherwise. TechCrunch dug into what impact the chip shortage is, and isn’t, having on growth amongst the public cloud lords, in case you were curious about that particula...