If you would like to discuss another topic, look for a relevant article. It is estimated there are 18,000 Apple jobs across the country, including more than 5,000 direct Apple employees.
Advertisement
Budget-squeezed European Union countries will ask Brussels for a share of the billions in Irish back taxes ordered from Apple, officials said on Saturday, bringing further problems to the tech giant after the lacklustre launch of the iPhone 7. Companies are in business to make money and when they do, most expand, making more money and hiring more. But it’s not about corporate tax avoidance. Austrian Finance Minister Hans Joerg Schelling said Austrian, Italian and France tax authorities are following the case closely with the option of posting claims, and a senior OECD official attending the meeting suggested they could have right to do so.
The US continues to maintain its position that the EU State aid cases are unfairly targeting US multinationals.
There is one in Belfast and a further 64 in the United Kingdom, but the iPhone giant could not see its way clear to giving the Irish a fancy Apple store – even as a “thank you” to the country for such a big fat tax lurk.
A U.S. Senate subcommittee investigation found in May 2013 that Apple paid “essentially no tax” on its substantial income in Ireland.
MNC’s are known to use a ploy called base erosion and profit shifting (BEPS) to artificially shift profits to low or no-tax locations by exploiting gaps and mismatches in tax rules of different countries. The Journal adds, “This could matter even if Apple never brings its profits home”.
“Governments over the years have made clear, as this Government has, that Ireland did not and does not do deals with corporates, large or small”. In my book, Healing Capitalism, I showed how there are strong arguments for business leaders themselves to back worldwide collaboration to improve regulation, so that they don’t compete in ways that back fire on themselves. Government does not create capital, but it can harm its accumulation and, in so doing, harm itself.
He wondered how prime minister Enda Kenny could “go after” people who haven’t paid their water charges, referring to speculation as to whether the state was prepared to take citizens to court for unpaid bills.
Advertisement
Although when pressed, anti-poverty charities are against the government’s bid to refute the findings of the European Union ruling, none is actively campaigning. U.S. tax revenue is plummeting as companies have the green light to shift profits to overseas subsidiaries while domestic taxpayers pay their full bill. It would be worse than shameful if Apple pulled out and thousands of jobs were lost. Or do they care?
