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US Government Seeks To Intervene in Apple's EU Tax Appeal ( 75

The U.S. government has sought to intervene in Apple's appeal against an EU order to pay back up to 13 billion euros ($14.8 billion) in Irish taxes, Reuters is reporting. From a report: iPhone maker Apple took its case to the Luxembourg-based General Court, Europe's second-highest, in December after the European Commission issued the record tax demand saying the U.S. company won sweetheart tax deals from the Irish government which amounted to illegal subsidies. The decision was criticized by the Obama administration which said the European Union was helping itself to cash that should have ended up in the United States. The Trump administration, which has tentatively proposed a tax break on $2.6 trillion in corporate profits being held offshore as part of its tax reform, has not said anything in public about the case.
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US Government Seeks To Intervene in Apple's EU Tax Appeal

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  • My thought (Score:5, Informative)

    by buss_error ( 142273 ) on Tuesday July 04, 2017 @10:50PM (#54744659) Homepage Journal

    Apple, Burger King, and countless others use off shore shelters to protect profits from US taxes.

    My thought is that if you sell it here, you pay taxes here. Are taxes too high? Grover Norquest will say yes. Others will say no. I say it doesn't matter what the tax rate is if companies can avoid paying it at all. It makes me sick to think there are some millionaires out there that pay less in total tax than I do. Not less as in percentage, I mean less in absolute dollars. I paid over $35K in taxes last year. There are over one hundred estimated millionaires that paid less than that.

    • If taxes are high, usually it means that the poor have relatively high spending power. Because, well, ya know, the finance ministry doesn't eat that money. They use it to spend it on various things. On of those things being social services that ensure the poor have purchasing power. And being poor and wanting to live, they have to spend it. Unlike people who earn enough to save some.

      Savings are worthless for the economy. Dead money that doesn't drive any economy, except the financial one. But even they don'

  • by Anonymous Coward

    The US regime should stop interfering in the affairs of other countries. If they don't, it seems that sanctions would be appropriate, since this is the approach the US empire itself employs, usually in the flimisiest of 'evidence'. At least here, we have strong evidence of regime interference in other's affairs.

  • by ( 102718 ) on Wednesday July 05, 2017 @02:45AM (#54745275) Homepage

    I assume the US government thinks that 0.5% average tax is fine ?
    If they have that opinion, I think they should let everybody know, and make sure Apple pays just as little in the US.
    If not, shut up and let Apple pay what they rightfuly should have done. Be it 10-20 or 30%. Everybody knows 0.5% is wrong.

  • "helping itself" (Score:4, Interesting)

    by Anonymous Coward on Wednesday July 05, 2017 @04:01AM (#54745493)

    what a load of bullshit. How is asking a corporation that makes billions in profit to pay their taxes in the market they operate in, to "help yourself", when what America is doing is literally saying that EU tax money belongs to the US? The American flavor of greed is just unprecedented.

!07/11 PDP a ni deppart m'I !pleH