It sounds so bizarre that Ireland has been fighting in court to avoid having to receive £18bn from Apple.
Apple told to pay back €13bn in tax by EU
Submitted 2 months ago by Womble@lemmy.world to technology@lemmy.world
https://www.bbc.com/news/articles/ckgwkwxr4eqo
Comments
Quicky@lemmy.world 2 months ago
jagermo@feddit.org 2 months ago
Because its main export was/is being a tax haven inside the EU.
ricdeh@lemmy.world 2 months ago
Yep. They tried desperately to build up an IT economy and therefore wanted to appease all the tech companies.
Quicky@lemmy.world 2 months ago
Yeah I get that, and that’ll be because of the long term financial benefits of enticing the companies there. But still…€13bn is a mad figure.
lobut@lemmy.ca 2 months ago
But like, what financial benefits do they get from this? Like the country itself. I’m really bad in this area. Like, do they buy property or set up a thin business? Does that pull in enough?
turkalino@lemmy.yachts 2 months ago
Definitely, but maintaining their status as a tax haven is more important I guess
SplashJackson@lemmy.ca 2 months ago
My roads and infrastructure could sure use some of that money
Bruncvik@lemmy.world 2 months ago
You know how many bike stands could be built for that money? Dozens!
MediaSensationalism@lemmy.world 2 months ago
I could sure use some of that money to buy the next iPhone. Just imagine what my friends would think if I didn’t.
Bezier@suppo.fi 2 months ago
That’s a lot of money they have stolen there.
namingthingsiseasy@programming.dev 2 months ago
The biggest theft in history, even.
Why is nobody talking about this?? Oh yeah, because it’s okay when our planetary overlords do it. Let’s imprison some more homeless people for stealing bread instead!
Bezier@suppo.fi 2 months ago
I guess it’s just normalized.
BearOfaTime@lemm.ee 2 months ago
Because they control congress/parliament, etc.
khannie@lemmy.world 2 months ago
Well I am delighted. €13.1B + the 1.2 in interest represents what will be a bump of 16% of total tax revenue compared to 2023 (€88B total). There are lots of things that money can be used for.
namingthingsiseasy@programming.dev 2 months ago
Great to see, but are there punitive damages too, or even charges for interest? Because if not, then they’ll just keep trying to pull stunts like this off again and again.
(My guess is that there isn’t because it involes a deal with Ireland, but I would love to be proven wrong.)
tigerjerusalem@lemmy.world 2 months ago
Jesus Fucking Christ, this fucking company can pay 13 billion and it’s still not do a dent on their TRILLION dollars value. Imagine all that society could benefit if those fucking assholes just paid their share, instead of us having to hear how green and socially conscious these bastards are.
Tech companies are the most disgusting corporations in their sheer greed, right up there with oil corps.
kippinitreal@lemmy.world 2 months ago
They greedy af. They’ve lobbied (bribed?) to keep the corp taxes as low as possible. Then they go Double Irish with Dutch Sandwich and NOT pay the low taxes anyways. If we were to tax them appropriately then it’d be a helluva lot more than 13b imo
WhatAmLemmy@lemmy.world 2 months ago
95% of corporations and 100% of multinationals are greedy parasites who only display virtues when it’s profitable (mainstream) to do so.
Those that had any real virtue have been destroyed or acquired by the parasites.
Armok_the_bunny@lemmy.world 2 months ago
Please, anyone who reads this, stop posting links to the mobile version of Wikipedia. It doesn’t switch automatically on PC, and I see it happen all the time. Just take the half a second to remove the “.m” from the beginning of the link, save everyone else from the pain of having to be surprised by it and taking the time to do it themselves.
mannycalavera@feddit.uk 2 months ago
Fuck that’s depressing reading. I understand what US corporations get out of this but I’m still unsure why Ireland goes to this length to be a tax haven. What’s in it for them?
mannycalavera@feddit.uk 2 months ago
Don’t worry, if I believe the internet the EU will save us from Big Tech… checks where Ireland and The Netherlands are… Bugger.
itsathursday@lemmy.world 2 months ago
Can I interest you in an iPhone 16? It’s the 16th generation of their pocket depressions rectangle and now costs more than it did last time.
Rai@lemmy.dbzer0.com 2 months ago
800 moneys? Pretty sure that’s the same as last time
magikmw@lemm.ee 2 months ago
It’s hard to believe but 16s are cheaper than 15s. I guess not enough 15s sold.
where_am_i@sh.itjust.works 2 months ago
13bn dollars in missed taxes while already abusing a tax heaven.
When our stupid politicians will grow some balls (metaphorically, and independent of their gender-balanced commission/parliament), and we’ll actually introduce a proper minimum corporate tax for the entire EU market, it will be 50bn. At least.
Combine this from all the big tech companies that are dodging our taxes, and we could quadruple our defense budget, double our education and healthcare spendings, and still supply every citizen with a bottle of champagne to celebrate.