Go Back   RGN - Reliable Global News > RGN Member Lounge > Science, Tech & Computer News

Science, Tech & Computer News Discussions about the News, Hardware and Software

Reply
 
Thread Tools Display Modes

EU Orders Apple to Pay up to $14.5 Billion Tax to Ireland
  #1  
Old 08-30-2016
RFMariano's Avatar
RFMariano RFMariano is offline
Site Owner - Administrator
 
Join Date: Aug 2006
Location: Florida, USA
Age: 75
Posts: 13,546
Rep Power: 188
RFMariano is a splendid one to beholdRFMariano is a splendid one to beholdRFMariano is a splendid one to beholdRFMariano is a splendid one to beholdRFMariano is a splendid one to beholdRFMariano is a splendid one to behold
Default EU Orders Apple to Pay up to $14.5 Billion Tax to Ireland






EU Orders Apple to Pay up to $14.5 Billion Tax to Ireland




Workers prepare for the opening of an Apple store in Hangzhou, Zhejiang province, January 23, 2015.
REUTERS/Chance Chan/File Photo

Tue Aug 30, 2016 6:11am EDT

Brussels | EU antitrust regulators ordered Apple (AAPL.O) on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.

The massive sum, some 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant.

Apple, which with Ireland, has already said it will appeal the decision, paid a tax rate on European profits of between 0.005 and 1 percent, the Commission said. ($1 = 0.8954 euros)

(Reporting by Alastair Macdonald)

SOURCE

Ed Note: One can only wonder just how much of the back taxes will actually go Ireland's treasury.


Comments Welcome..

__________________

Regards,

Reply With Quote
 
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 05:50 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Content Copyright RGN - Reliable Global News