Apple tax Stories January 25
Apple tax Stories December 30, 2018
Austria is the next European nation looking to impose a specialized ‘tech tax’ on internet giants such as Amazon, Apple, and Facebook. This move follows in the footsteps of France and Germany to take action on a national level rather than awaiting an EU-wide agreement.
Just two weeks ago, French Economy and Finance Minister Bruno Le Maire announced the new GAFA (Google, Apple, Facebook, Amazon) tax would take effect starting January 1. The country hopes to generate as much as 500 million euros in the tax’s first year in effect.
Apple tax Stories December 17, 2018
France is set to impose a sweeping new law starting January 1 which is set to raise as much as 500 million euros in 2019 alone.
The tax, dubbed GAFA for Google, Apple, Facebook and Amazon, is targeted towards high-profit internet tech giants who generally pay a lower effective tax rate than other corporations, reports AFP News.
Apple tax Stories May 5, 2016
[UPDATE: Cupertino mayor Barry Chang is refuting the claims made by The Guardian, saying that he never said the words quoted in the article: “I was shocked and dismayed to see a recent article quoting me with words I never used and describing situations that never happened,” he said in a statement on the Cupertino city website.]
Cupertino mayor Barry Chang has accused Apple of ‘abusing’ its home city by failing to contribute to much-needed public projects, and claims that he was ‘surrounded’ by security and escorted off the premises when he tried to discuss traffic congestion.
Apple is not willing to pay a dime. They’re making profit, and they should share the responsibility for our city, but they won’t. They abuse us.
However, the Guardian notes that Apple paid $9.2M in city taxes in 2012/13 …
Apple tax Stories April 22, 2016
In an interview with the BBC on national British radio, Apple co-founder Steve Wozniak said that he believes Apple should pay 50% tax, along with all other companies. He said he doesn’t like the distinction of different rules between corporations and individuals.
Today, although Apple has never been found to evade tax or conduct illegal practices, it does not pay at top-rate tax, using a variety of financial engineering schemes to redirect profits elsewhere, such as Ireland, with significantly lower tax requirements.
Apple tax Stories March 9, 2016
The European Union warned us this week not to expect a speedy conclusion to the long-running investigation into the legality of Apple’s tax arrangements in Europe. The delay follows a decision back in December to expand the scope of the investigation.
But while the wheels of EU tax investigations may grind exceedingly slowly, I’d be willing to wager quite large sums of money on the final outcome. It looks to me increasingly clear that Apple’s tax arrangements with the Irish government are going to be declared illegal, and that Apple is going to be faced with a significant bill for unpaid tax …