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The EU's Apple tax break investigation could lead to billions of euros in fines

By Justin Kahn
Sep 29, 2014
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  1. Back in June of this year, the European Commission began an investigation into the infamous tax arrangement Apple has with the Irish government. The findings from that investigation are apparently ready for prime time, and could be released as early...

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  2. Lionvibez

    Lionvibez TS Evangelist Posts: 1,103   +346

    Whats a few billion in fines they can afford it.

    What it will do to the stock price after tho.......
     
  3. Another nail in Apple's coffin.

    I hope they fine them, then Google, eBay, then everyone else who refuses to pay the taxes due in each country they trade in.

    As a previous poster noted a while ago, if an Apple store gets held-up etc, they call the local police. Who pays for the local police? LOCAL TAXES!
     
  4. davislane1

    davislane1 TS Evangelist Posts: 3,559   +2,364

    The best part of these tax articles is always the comment section.
     
  5. But alas the vicious cycle, they didn't pay their taxes, so they have billions to bribe someone with, or be bribed by a lawyer to find a lovely little loophole
     
  6. The Irish government is known for their dodgy practises yet all blame is layed on apple.
    How about the EU doing something about the irish government taxing it's citizens twice on cars (which is technically illegal) and getting away with this second tax by calling it a "car registration fee"? We are fed up to the back teeth of paying close to 30% more for our cars due to the EU turning a blind eye to the corrupt irish government.
     
  7. It is the multi-national banks that too should be in the spotlight in facilitating account opening & structured liquidity arrangements in these low tax jurisdictions. The Banks also leverage the same windfalls as the Apples & Googles, by having incorporated businesses typically in Ireland and tax havens.
     

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