Tax Stories March 21

AAPL: 139.84

-1.62
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Apple has come under fire in New Zealand after it was revealed that it had paid no tax whatsoever in the country for the past decade, despite selling more than NZ$4.2B ($2.96B) worth of products in the country. The NZ Herald said that the company’s tax arrangements had been criticized by parties across the political spectrum.

Green Party co-leader James Shaw said Apple was not paying its fair share. “It is absolutely extraordinary that they are able to get away with paying zero tax in this country. I really like Apple products – they’re incredibly innovative – but it looks like their tax department is even more innovative than their product designers,” Shaw said … 

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Tax Stories November 9, 2016

AAPL: 110.88

-0.18
Stock Chart

Tax Stories October 10, 2016

AAPL: 116.05

1.99
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Tax Stories September 26, 2016

AAPL: 112.88

0.17
Stock Chart

Tax Stories September 12, 2016

AAPL: 105.44

2.31
Stock Chart

While Ireland may not want the €13B ($15B) the EU says Apple owes in underpaid tax, it seems other European countries do. Germany’s DW reports from a summit of European finance ministers that at least four countries have ‘expressed an interest’ in claiming their share.

Dutch Finance Minister Jeroen Dijsselbloem appeared to be first in line, warning Apple on Saturday to “get ready” to pay up. His comment came after a two-day meeting of his EU counterparts in the Slovak capital, Bratislava […]

Other EU countries, including Austria, Italy and France, are following the case closely, and expressing interest in a possible payout, according to Austria’s Finance Minister Hans Joerg Schelling, who spoke on the sidelines of the two-day summit.

There is already precedent for such claims …

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Tax Stories September 5, 2016

AAPL: 107.73

1.00
Stock Chart

There’s no sign of let-up in the war of words over the European Commission’s demand that Apple should pay an extra €13B ($15B) in taxes on its European sales. After Tim Cook last week described the tax ruling as ‘political crap,’ the EC has hit back with some strong words of its own.

The WSJ quotes Eurofinance head Jeroen Dijsselbloem stating that Apple had failed to understand the public mood in Europe …

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