Sleeping with our jobs and eating our women. Fuck the EU.
PM with accompanying loan application forms sent.
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Noonan playing a blinder tbf to the cunt.
Post up the relevant section from āIrish tax lawā. I suspect it doesnāt exist. These are private deals that were done between the Irish govt and multinationals, to allow MNCs avoid paying tax not just in the countries where the revenue was generated (the great majority of this revenue was generated outside Ireland), but anywhere. Read the statement from the EU, they are not saying the profits generated through Appleās Irish subsidiaries are illegal, they are saying these profits then being funnelled through a separate entity (the āhead officeā), that has no employees and no ability to generate $1 in profit, are illegal under EU law, as it confers a competitive advantage to Apple. In other words, why should Appleās competitors pay tax on their European revenue while Apple pay virtually none.
Neither Ireland nor Apple have a leg to stand on, but as Apple have virtually unlimited legal and tax resources, and the US Treasury have been asleep at the wheel (so far), this will drag on for years.
Apple and the Irish are both a great bunch of lads. This has been settled already before lunch by Noonan while he was taking a dumpā¦ we will drag it out for years and spend millions of tax payers money making it look like we are fighting the fightā¦ by the time Apple hand over the few bob it will have been accumulated ten times over in a bank accountā¦ The only cunts to really lose out will be dolers and old people- both better off dead than alive anyway.
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youāve really come full circle on this one, bud.
Iām a corporate man now, kid.
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Company was not tax resident in Ireland under our tax laws. Why should Ireland tax a non resident company.
Read the white paper from US Treasury Dept. This is a political decision by EU.
Iāve read it. Itās ass covering.
Why should Ireland tax a non resident company
Given @anon7035031ās record, I think itās safer go with @TheUlteriorMotive motive on this one
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White House statement on it now. This is going to play out over time. Land grab by EU for taxes that donāt belong to it under existing tax law.
A political move by Commission. Probably Germans annoyed over the move against VW in USA.
Apple Sales International and Apple Operations Europe are both incorporated in Ireland, and subject to Irish tax law.
Incorporation in Ireland does not mean tax resident in Ireland
It does in the case of Apple (and other MNCs). The fact they (Apple Sales International and Apple Operations Europe) are tax resident in Ireland is what allows them funnel revenue from other EU countries through Irish subs allows them avoid (legally, at least currently) paying tax in the countries where the revenue was generated.
The US Treasury is upset because if this goes through, any back taxes paid to Ireland will be booked as an expense in the US and lower their tax bill there (reducing US tax revenue). The US Treasury have dropped the ball here, as what they shoud have done long ago was shut the IP transfer loophole, whcih is the basis for most of the tax avoidance strategies by multinationals.
I agree by the way that the majority of Appleās tax burden should be in the US, where the majority of their IP is actually located.
This appears to be the case, the tax was not liable in Ireland.
The EU are chancing their left wing arms.
This is an unprecedented attack on a sovereign state.
We need to respond accordingly.
The great Kaiser Noonan will be speaking shortly on 6-1 news
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If so, why are Apple paying any tax in Ireland?
It is a tax issue. Dressed up as a state aid issue to bring it within EU jurisdiction. Irish tax law does not tax profits allocated to parent\head offices by Apple - EU saying Irish tax law should tax those profits which is interference with our sovereign right to set tax laws here