EU Court: Apple received EUR 13B illegal tax subsidy [pdf]

Re:EU Court: Apple received EUR 13B illegal tax subsidy [pdf] by Rinzler89 on Tuesday September 10, 2024 @05:34AM (#41498989)

Because getting even <1% of Apple's, Google's, $FANGs EU wide tax revenue is a lot better than getting 0% of that revenue if they were to set their HQs in another EU country that would give them and even sweeter tax deal.

And that's the problem right there. It's a constant race to the bottom between EU states where the EU taxpayers are the loosers and the corpos are the winners.

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Re:EU Court: Apple received EUR 13B illegal tax subsidy [pdf] by izacus on Tuesday September 10, 2024 @05:42AM (#41499032)

Would it be really 0%? Is there any grounds for that? Those companies are based in Ireland due to IP law, not tax law.

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Re:EU Court: Apple received EUR 13B illegal tax subsidy [pdf] by Rinzler89 on Tuesday September 10, 2024 @05:50AM (#41499083)

Can't companies abuse the IP law to wash other profits as IP costs?

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Re:EU Court: Apple received EUR 13B illegal tax subsidy [pdf] by izacus on Tuesday September 10, 2024 @07:07AM (#41499523)

Yep, this is why they were based in Ireland - due to their IP law. Which isn't quite the same as 0% taxes.

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Re:EU Court: Apple received EUR 13B illegal tax subsidy [pdf] by zoobab on Tuesday September 10, 2024 @02:20PM (#41503922)

The Irish patent box was at 0% tax till 2015.

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Re:EU Court: Apple received EUR 13B illegal tax subsidy [pdf] by eesmith on Tuesday September 10, 2024 @02:10PM (#41503796)

While <1% is correct it's over two magnitudes too large. Saying <0.01% would be more informative.

"The EU head office said that Ireland granted such lavish tax breaks to Apple that the company's effective corporate tax rate on its European profits dropped from 1 percent in 2003 to a mere 0.005 percent in 2014." https://apnews.com/article/apple-european-union-tech-b1575db...

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