EU hits Apple with 13 billion euro Irish tax demand
| BRUSSELS/DUBLIN
BRUSSELS/DUBLIN The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid.
Apple and Dublin said the U.S. company's tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of a drive against what the EU says are sweetheart tax deals that usually smaller states in the bloc offer multinational companies to lure jobs and investment.
The U.S. feels its firms are being targeted by the EU and a U.S. Treasury spokesperson warned the move threatens to undermine U.S. investment in Europe and "the important spirit of economic partnership between the U.S. and the EU".
This (and many others as stated in the article) will be in the courts forever.
A lot of lawyers making big bucks, job security.
This is'nt nice of me, BUT-- I'm thinking that the next time the EU is under attack by the Germans, who, on occasion, go wild and barbaric on us, we let the Germans have it. Here, Germany, take over the EU and have at it. Occupy the territory, and impose your own taxes on the citizens of these countries. I feel like they're being ungrateful...
Is this because we stopped financially donating and supporting the IRA? It must have been a devastating loss to their economy. My thought: Get over it. The gravy train has ended.
Apple is probably the best run business in the world they will be fine.
Apple is run a helluva lot better than the EU, that's for sure.