The meth sex videosEuropean Commission has estimated that Apple has to pay €13 billion ($14.5 billion) in retroactive taxes to Ireland after an in-depth state aid investigation.
SEE ALSO: The Apple Store is now simply 'Apple,' company saysThe 130-page ruling by EU competition commissioner Margrethe Vestager follows a three-year probe into Apple's Irish tax affairs.
It establishes that Ireland violated EU law on competition by giving Apple tax benefits which are not available to other companies.
"The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple," reads the ruling. "This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid."
Those advantages - which amount to "illegal state aid", according to the ruling - were made during a ruling made by the Irish government in 1991 and 2007.
According to Commissioner Vestager, Apple only paid "an effective corporate tax rate of 1 per cent on its European profits in 2003 down to 0.005 per cent in 2014." Irish corporate tax is at 12.5 percent.
Apple's company structure enabled it to "avoid taxation on almost all profits generated by sales of Apple products" in the EU single market, the ruling said.
"This is due to Apple's decision to record all sales in Ireland rather than in the countries where the products were sold."
The ruling is likely to increase tension between Brussels and the US, which called on EU authorities to drop the case.
The U.S. Treasury Department has accused the commission of becoming a "supranational tax authority" and said disproportionately targeting US companies could end up costing American taxpayers.
Apple and Ireland deny any wrongdoing and will likely appeal against the ruling.
The Irish finance minister, Michael Noonan, said he would seek approval from the Irish Cabinet to appeal the EU Commission's ruling to European courts.
"It is important that we send a strong message that Ireland remains an attractive and stable location of choice for long-term substantive investment," Noonan said, according to The Associated Press.
The U.S. tech giant employs 6,000 people in Ireland, mostly at its main site in Cork.
Cooking with D. H. Lawrence by Valerie StiversThe Art of Distance No. 16 by The Paris ReviewPink Starbucks x Stanley cup dupes: Shop these 10 alternatives5+ Apple products that will likely come out in 2024Redux: Thunder, They Told Her by The Paris ReviewWhat Does the Sky Feel Like? by Nina MacLaughlinStaff Picks: Tricksters, Transmogrifications, and Treacherous Beauty by The Paris ReviewStaff Picks: Cardboard Cities, Choral Singing, and CrossGen Z loves fanWindows 8 users can no longer game via Steam. Here’s why.Donald Hall’s Amanuensis by Wesley McNairRedux: The River Never Dwindled by The Paris ReviewThe Devil’s Sting by Drew BratcherPoets on Couches: Reading Max Jacob by Suzanne Buffam and Srikanth ReddyDonald Hall’s Amanuensis by Wesley McNairA Little Fellow with a Big Head by Margaret Jull CostaThe Landscape That Made Me by Melissa FalivenoThe Art of Distance No. 18 by The Paris ReviewThe Devil’s Sting by Drew BratcherYou Have the Right to Remain Silent by Mary Morris Chinghiz Aitmatov and the Literature of Kyrgyzstan Phantom Limb by Daniel Bosch The Morning News Roundup for June 13, 2014 The Morning News Roundup for June 18, 2014 WhatsApp is testing an AI sticker generator Dear Diary: An Interview with Esther Pearl Watson by Meg Lemke Best Apple Magic Keyboard deal: Save $59.87 at Amazon How to post on Instagram from a laptop or desktop The Saddest Sound in the World by Sadie Stein Shark's two new hair tools look like solid dupes Recapping Dante: Canto 33, or History’s Vaguest Cannibal by Alexander Aciman Sacred Rites by Sadie Stein Medical Literature by Sadie Stein Best tech deal: Cricut Joy Machine & Digital Content Library Bundle on sale for 22% off Blinded By the Light by Andy Battaglia World Cup Recap for June 20, 2014 The Morning News Roundup for June 12, 2014 Taxonomy by Sadie Stein Wordle today: Here's the answer and hints for August 15 Bloomsday Explained by Jonathan Goldman
1.7119s , 10496.3515625 kb
Copyright © 2025 Powered by 【meth sex videos】,Wisdom Convergence Information Network