Apple Ordered by EU to Repay $14.5B

DeathDog
DeathDog

http://www.wsj.com/articles/apple-received-14-5-billion-in-illegal-tax-benefits-from-ireland-1472551598

Holy fucking shit. American normies confirmed for most blinkered retards ever

Just read the comments.
Poor apple
US getting a raw deal (kinda true but the US is enabling this shit)
Evil EU

FFS Apple is literally tax dodging, albeit completely legally subject to this latest ruling and since restructuring its EU holdings in 2015, due to stupid potato niggers. They make a pittance of the arrangement
(wow it's fucking nothing).jpg

The only entity winning here is Apple. Everyone else is being screwed, i.e. if you don't have shares in Apple, don't work for Apple and aren't paid by Apple you are taking the iDick.

Either the EU citizenry gets its money (humour me and pretend taxes go back to the people) or the US citizenry does since Apple's arrangement has meant they haven't paid tax on the foreign profit.

The third and current contested option - Apple gets it all - is simply unacceptable and I ain't even a socialist. FUCK

All urls found in this thread:
http://www.wsj.com/articles/apple-received-14-5-billion-in-illegal-tax-benefits-from-ireland-1472551598
JunkTop
JunkTop

@DeathDog
The commission’s investigation concluded that Ireland granted illegal tax benefits to Apple
How is this anything but an affront to Ireland's sovereignty?

CodeBuns
CodeBuns

Why should anyone but Apple and Apple shareholders get to share in the profits created by their hard work and investment?

Businesses shouldn't pay a penny in tax if they can possibly avoid it. Taxation is merely state-sponsored theft.

Stupidasole
Stupidasole

@JunkTop
EU
Sovereignty

Pick one.
Brussels legislation trumps the member State's aka utter bullshit.

Fried_Sushi
Fried_Sushi

@Stupidasole
That's federation.
Why are people so worried about federation happening if it's already the case?

Need_TLC
Need_TLC

@CodeBuns
Because dear friend, Apple didn't put a few hundred million people on a continent, feed them, clothe them, educate them so they could use technology and understand why it might be desirable to possess it and then enable them to work or receive a State income regardless thus putting them in a position to consume it.

As such, in return for being allowed to prey on the EU's herd, Apple must pay the shepherd.

Nude_Bikergirl
Nude_Bikergirl

@Fried_Sushi
Ask Britain or the (few) non tanned Germans getting around these days.

Garbage Can Lid
Garbage Can Lid

@Nude_Bikergirl
No, what I mean is, I've heard a lot of worry and fear about federation happening in the future.
But if Brussels has so much power that they can declare a "sovereign" member's tax code illegal, then they are already federated.

SomethingNew
SomethingNew

@Need_TLC

Did the government do any of this either?

5mileys
5mileys

@Need_TLC

So what? Ireland can get fucked.

cum2soon
cum2soon

@DeathDog
or the US citizenry does
Why would they?
It's not like Apple has to repatriate the cash. They can just keep that shit offshore until the tax code changes.

Playboyize
Playboyize

@Garbage Can Lid
Arguably it's still the action of a trade pact rather than a federation. The tax treatment Ireland gave Apple amounted to a subsidy; the EU experiment is intended to eliminate or harmonize tariffs/subsidies so member states don't devour one another.

This should, obviously, bring to mind parallels with US congressional power to regulate interstate commerce.

TurtleCat
TurtleCat

Bought in at 93 when buffet announced. Doing pretty good so far

TreeEater
TreeEater

@SomethingNew
No but the people did and supposedly the government is the embodiment of their collective and historical wills. It could also be run by Illuminati and Lizard people but let's assume everything exists for the right reasons and operates accordingly.

@cum2soon
True, they don't and that's what they're doing. This in't about Apple doing something illegal. The EU wants to retroactively address Irish actions taken counter to their EU membership requirements and resultantly Apple will need to pay a bunch of money (already put in Escrow in the case their and the Irish challenges fail). That's just how it's gonna be(tm).

You're essentially asking why can't Apple just keep the money it made by "effectively managing" (exploiting) foreign taxation arrangements and the answer is that if it is made to pay it goes into the EU coffers as fair trade for playing in that sandbox (that was actually the rule before Ireland took it upon itself to operate counter to its treaties)

However, my thoughts about why Apple should (have i.e. in the past) perhaps pay the US is in response to the comments in the article bemoaning the US is the loser.

Apple played a game where it legally though perhaps unethically from a US tax recipient perspective (the Government and thereby the people) avoided paying tax in the US on foreign profit. This gypped anyone in the US not involved with Apple.

In a classical sense the Government of the USA and hence the people it represents are the ones that allow Apple to exist (and flourish) and thereby like a good employee Apple gets to continue to exist if it pays up. In reality corporations are a law unto themselves and don't have an issue not paying tax. (trying to steer away from an anarcho Cap/Libertarian "who pays for roads" /pol/ thread here lel)

So um yeah. Lots of those commenters who would not be beneficiaries of Apple could not see they were taken for a ride when US companies don't pay tax by working the system(s)

Flameblow
Flameblow

@TreeEater
No but the people did
Exactly

SniperGod
SniperGod

@TreeEater
Did the government do any of this either?
No

So why does the government deserve this money. The people in charge of the EU aren't even elected so they can't possibly be construed as "an embodiment of their collective and historical wills"

GoogleCat
GoogleCat

@TreeEater
You're essentially asking why can't Apple just keep the money
No, I'm just telling you they're going to.

avoided paying tax in the US on foreign profit
Great. I avoid paying as much tax as possible. And I certainly wouldn't pay tax on "foreign profit" if I could get away with it. The fact the US wants a piece of money made outside it's jurisdiction is just laughably absurd. What right should they have to that?

whereismyname
whereismyname

@CodeBuns
why should the government build streets for these corporations to transport their shit for free, educate people so they at least can do shit without having to train them about every single retarded detail, and to have a police force to protect their private property?
seriously, fuck the corporations, goverments should charge them for using these servi-oh wait...

Spazyfool
Spazyfool

@whereismyname
The government doesn't transport goods for companies, what are you smoking lad?

Truck registration is a form of tax which goes towards paying for roads.

You're saying the US government should get some tax money because Apple uses roads in Ireland.

Need_TLC
Need_TLC

@Spazyfool
The government doesn't transport goods for companies, what are you smoking lad?
hahahahAHAHAHA.
1. learn to read
2. actually, most govts manage postal services :^)
3. learn some logic, you fucking retard

Playboyize
Playboyize

@Need_TLC
The only salient point in your post is the postal service one, and posting shit isn't free so I guess it's not really a point at all.

The only thing missing from your post is a facebook frog.

PurpleCharger
PurpleCharger

@Need_TLC
Fucking retard are you seriously this stupid?

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