Tax Stories July 13

AAPL: 147.77

2.03

A French court has ruled against the country’s own tax authority, and decided that Google need not pay a €1.11B ($1.27B) tax bill. Although the ruling so far applies only to Google and only in France, it sets a precedent that could influence other cases in Europe.

In particular, the case has striking similarities to that involving Apple …

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Tax Stories March 21

AAPL: 139.84

-1.62

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

Irish government formally submits appeal against €13B Apple tax ruling

The Irish government is today formally appealing against a European Union ruling that it should have claimed an additional €13B in tax from Apple, which has its European headquarters in the country. The EU ruled that offering Apple a sweetheart tax rate of just 2.5% amounted to illegal state aid.

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Tax Stories October 10, 2016

AAPL: 116.05

1.99

Majority of Irish voters back Apple and Irish government in opposing EU tax ruling – poll

A poll for the Irish Times found that the majority of Irish voters believe that the government is right to join Apple in appealing against the EU ruling that the Cupertino company must pay €13B ($14.5B) in back taxes.

Tax Stories September 26, 2016

AAPL: 112.88

0.17

Apple’s lack of lobbying presence in Europe left it in dark over tax investigation for two years – WSJ

Apple’s lack of lobbying presence in Europe left in largely in the dark about the long-running investigation into its Irish tax arrangements, argues the WSJ. It has been ruled that Apple underpaid tax in Europe to the tune of €13B ($15B).

Tax Stories September 12, 2016

AAPL: 105.44

2.31

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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