Tag Archive: E.U.


Even moving Apple’s cash pile home won’t halt E.U. tax investigation

Even bringing Apple’s sizable cash pile back to the U.S. wouldn’t stop the E.U. from investigating the company’s Irish tax arrangements, claims E.U. competition commissioner Margrethe Vestager. “Whether or not Apple wants to repatriate part of their un-repatriated profits is purely up to Apple and is of no concern [to] our case work,” she told reporters after a […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Apple says it ‘pays every cent’ it owes in E.U. tax

Apple has spoken up about the European Union investigation into its Irish tax affairs, telling a panel of E.U. investigators that it pays “every cent of tax” it owes in the country, and that it gets no advantage whatsoever compared with other companies. “We don’t feel that there has been state aid involved and I suppose […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Apple will defend its tax deals against E.U. this week

Apple will join multinationals Google, McDonald’s and IKEA in defending its European tax deals against E.U. lawmakers this Wednesday. The hearing concerns whether or not giants like Apple are receiving illegally favorable tax deals, which give them an unfair advantage over local businesses. The committee is made up of the European Parliament’s tax committee. While […]

(via Cult of Mac – Tech and culture through an Apple lens)

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E.U. regulators will decide if Apple’s Irish tax deal is illegal by Christmas

Apple’s tax practices in Europe have been the subject of investigation for some time now. However, European Union regulators say they’ll finally have a conclusion as to the question of whether Apple benefited from “illegal tax sweeteners” by the end of this year. According to Ireland’s finance minister Michael Noonan, the decision will be announced, “between […]

(via Cult of Mac – Tech and culture through an Apple lens)

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FOX News Contributor: Apple Should Buy Cyprus From The E.U.

[youtube http://www.youtube.com/watch?v=s6dVEkEE3-Q?feature=oembed&w=640&h=360]

The tiny Mediterranean island nation of Cyprus has fallen on some hard times lately.

The bleak financial prospects facing Cyprus has resulted in the govenment having to come up with capital control measures to prevent runs on banks, and keep investors from taking money out of the country. Worse, depositors in Cypriot banks who have more than 100,000 euros in the bank could soon see 40% of their funds converted into bank shares, while those with less than  [Read More…]