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E-X-T-O-R-T-I-O-N? - Apple threatens to cut jobs in EU after Brussels orders it to pay back £11 BILLION in tax over 'illegal' sweetheart dea
Posted By: NaturalWisdom Date: Tuesday, 30-Aug-2016 23:03:52
www.rumormill.news/55356
In Response To: EUROPE: Apple must be prepared for a huge payout (IZAKOVIC)
The type of response that the TPP will allow corporations to get away with...
Apple holds Europe to ransom: Tech giant threatens to cut jobs in EU after Brussels orders it to pay back £11 BILLION in tax over 'illegal' sweetheart deal
Martin Robinson | Daily Mail
Aug 30, 2016
Click here
[snip]
Apple has already threatened to cut jobs in Europe after Brussels ordered it to repay £11billion ($14.5billion) - the biggest tax bill ever imposed outside the US.
The European Commission's three-year investigation into Apple's sweetheart deal with Ireland has found it amounted to illegal state aid.
Its damning report published today says the tech giant paid as little as 0.005 per cent tax by funnelling its non-US profits through its Irish headquarters with no staff or premises then on to its $178billion (£120bn) offshore fund.
The giant tax bill, which could reach £16billion ($21 billion) because of interest, will not be difficult for the company to pay because it made $53.4billion (£35billion) last year - the biggest profit in corporate history.
But Apple will appeal saying the Commission's figures are 'completely made-up' and its CEO Tim Cook, who previously called the probe 'political c**p', is threatening EU job losses if they don't back down.
Apple, which has a base in Cork, pictured, must repay £11billion ($14.5bn) in unpaid tax because the EU says its sweetheart tax deal with Ireland amounted to state aid
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FULL REPORT
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Articles In This Thread
- EUROPE: Apple must be prepared for a huge payout
IZAKOVIC -- Tuesday, 30-Aug-2016 05:20:17
- Apple iPhone 6 is "dying", customers sued the company
IZAKOVIC -- Tuesday, 30-Aug-2016 05:30:40
- EUROPEAN COMMISSION: Apple must pay Ireland 13 billion euros
IZAKOVIC -- Tuesday, 30-Aug-2016 08:51:26
- E-X-T-O-R-T-I-O-N? - Apple threatens to cut jobs in EU after Brussels orders it to pay back £11 BILLION in tax over 'illegal' sweetheart dea
NaturalWisdom -- Tuesday, 30-Aug-2016 23:03:52
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