Apple might have to pay that €13B EU tax bill after all

Comments

• Dasnap@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I think they should add a 15% tip to be polite.

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• FlyingSquid@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Good for the EU. It’s about time tax-dodgers were held accountable. I have no hope of seeing that here in the U.S. though.

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• Engywuck@lemm.ee ⁨1⁩ ⁨year⁩ ago

  I’d metaphorically masturbate to that happening.

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  • ubermeisters@lemmy.world ⁨1⁩ ⁨year⁩ ago

    No

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    • Engywuck@lemm.ee ⁨1⁩ ⁨year⁩ ago

      Right. Maybe not metaphorically.

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• autotldr@lemmings.world [bot] ⁨1⁩ ⁨year⁩ ago

  This is the best summary I could come up with:

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  Ireland, where Apple has its European headquarters, is known for its favorable tax rules that have attracted a number of large US-based tech companies to set up shop on the Emerald Isle.

  In 2016, the European Commission figured those two rulings allowed Apple to exclude profits derived from intellectual property licenses held by ASI and AOE.

  Fast-forward to 2020, and the General Court of the European Union decided Apple didn’t actually need to pay the tax due to the arrangement the iPhone maker had in Ireland seemingly being above board.

  We got a hint of how the EC planned to appeal against that general court decision, and extract billions from Apple, in 2021, and the filing by Pitruzzella’s office makes largely the same argument.

  Basically, if a US company wants to sponsor an employee’s green card, so that the staffer can get permanent residency in America, the biz usually (but not always) has to apply for a PERM certificate from the Dept of Labor so that the foreign worker’s immigration process can be completed.

  To get that PERM cert, the business has to demonstrate that no US citizen or someone already with a green card is available and qualified to do that employee’s role in America and thus the foreigner needs permanent status in the country to fill the position.

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  The original article contains 918 words, the summary contains 220 words. Saved 76%. I’m a bot and I’m open source!

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  • cbarrick@lemmy.world ⁨1⁩ ⁨year⁩ ago

    This is a not-great summary…

    Like, from reading, this I have no idea what the article is about.

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    • Earthwormjim91@lemmy.world ⁨1⁩ ⁨year⁩ ago

      The European Commission has concerns that this structure isn’t legal. There have been a series of court cases (2016, 2018, 2020) about this. The current status is that Apple is fine, but there was a filing for appeal in 2021 and an opinion published in September 2023 that this should be reviewed.

      Important to note that the European Commission gave the OK when these were set up. They’re only complaining now.

      Also Apple paid the bill in 2018 and it’s been sitting in escrow since.

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• DieguiTux8623@feddit.it ⁨1⁩ ⁨year⁩ ago

  Who’s going to pay higher prices for already overpriced tech appliances? Yes, users!

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  • AbouBenAdhem@lemmy.world ⁨1⁩ ⁨year⁩ ago

    You think Apple’s prices are primarily determined by cost, or demand?

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    • Zorque@kbin.social ⁨1⁩ ⁨year⁩ ago

      Theyre determined by shareholders desire for more profit. Lost profit from fines means they have to make up the revenue somewhere else. I doubt they have any avenue for decreasing manufacturing costs without also decreasing revenue itself... which means they would increase revenue directly, which means increased costs (in one form or another) for consumers.

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  • echo64@lemmy.world ⁨1⁩ ⁨year⁩ ago

    They already do, apple just doesn’t pay their tax

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