Apple: Massive EU tax bill is just about making headlines

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Apple's general counsel thinks the move against Apple is basically clickbait.
Photo: Jim Merithew/Cult of Mac

Apple has launched its legal challenge against the European Union’s demand of $14 billion in allegedly unpaid back taxes.

In a statement, Apple general counsel Bruce Sewell said Cupertino has been targeted because of its success, implying that European legislators picked on the company for largely symbolic reasons.

Ireland preps to appeal Apple tax case this week

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Apple has been criticized for its tax structure.
Photo: Jim Merithew/Cult of Mac

Ireland is set to submit its formal appeal of a European Commission ruling that claimed Apple owes the country more than $14 billion in unpaid taxes.

The controversial tax ruling has been opposed by Irish citizens, a majority of whom say they don’t want Apple’s money. Ireland’s Finance Minister Michael Noonan said today that the country’s government has no choice but to appeal.

Apple has ‘failed to grasp’ why people are upset about tax avoidance

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The president of the eurozone’s finance ministers says Apple just doesn't get it.
Photo: Ste Smith/Cult of Mac

Jeroen Dijsselbloem, president of the eurozone’s finance ministers, has accused Apple of “[failing] to grasp” the public outcry concerning tax avoidance by multinational corporations.

He was referring to last week’s landmark decision, which handed Apple an enormous tax bill of 13 billion euros ($14.52 billion), based on its supposed underpayment of taxes in the Republic of Ireland. Apple paid a reported 0.005 percent tax on its European profits in 2014.

Whose week sucked hardest, Apple’s or Samsung’s? [Friday Night Fight]

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fnf
It's been a bad week for two of tech's biggest companies.
Photo: Ste Smith/Cult of Mac

The past week has been one to forget for both Apple and Samsung. While Cupertino was handed a hefty tax bill by the European Commission, Sammy has had to recall every Galaxy Note 7 unit sold so far for fear of them exploding.

Friday Night Fights bugBut which one will be most damaging, and which will quickly be forgotten? Apple’s tax fight is sure to rage on for months, but will faulty phones leave a bad taste in the mouths of Samsung fans a lot longer?

Join us in this week’s Friday Night Fight as we discuss the sad start to September for Apple and Samsung.

Tim Cook: Anti-U.S. bias is ‘one reason’ for Apple’s giant tax bill

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Cook
Tim Cook is not happy about the tax decision against Apple. Like, at all.
Photo: Jim Merithew/Cult of Mac

Tim Cook says that Apple is among the biggest Irish taxpayers, and claims anti-U.S. bias is “one reason” the company was targeted by the European Commission.

Cook was responding to this week’s news, in which Apple was handed an enormous tax bill of €13 billion ($14.52 billion) after an investigation into its reportedly illegal “sweetheart deal” in Ireland, giving it an unfair advantage over rivals.

Irish throw fruity protest against Apple tax breaks

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Member of Sinn Féin Republican Youth in Dublin.
Member of Sinn Féin Republican Youth in Dublin.
Photo: An Phoblacht

The headquarters of the ruling government party of Ireland, Fine Gael, was the site of recent apple massacre after angry citizens flocked to the offices to protest Apple’s massive tax breaks.

Members of the youth wing Sinn Fein impaled apples of the orange and red variety on the fences of Fine Gael’s Dublin offices following the revelation from the European Commission that Ireland intentionally lowered Apple’s tax burden.

Check out the horrific scene:

Tim Cook: Apple’s tax bill will have a ‘harmful’ effect on investment in EU

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Tim Cook was ranked the nation's top CEO by ExecRank.
It didn't take Tim Cook long to hit back!
Photo: Jim Merithew/Cult of Mac

Tim Cook has written an open letter addressing Apple’s enormous tax bill, arguing that the European Union’s demand for €13 billion ($14.52 billion) in unpaid back taxes will have a “profound and harmful effect” on “investment and job creation in Europe.”

At present, Apple employs close to 6,000 people in Ireland, as well as “sustaining” 1.5 million jobs across Europe — including those at Apple and other manufacturers, developers and suppliers who rely on it.

After ruling, Apple could owe billions in EU taxes

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Mo money, mo problems.
Apple faces a steep tax bill in Ireland.
Photo: Milo Kahney/Cult of Mac

The European Commission has finally finished its investigation into Apple’s tax breaks with Ireland and it appears that the company will be slapped with a fine for more than $1 billion in back taxes. 

The commission’s final ruling is expected to come tomorrow, according to a new report that claims Ireland will be expected to calculate exactly how much Apple owes. 

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

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Apple's tax investigations are continuing.
Photo: Ste Smith/Cult of Mac

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.

Apple could owe $8 billion for its overseas cash pile

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Nothing like that post-Christmas bill, eh?
Photo: Universal Pictures

Apple could find itself on the receiving end of a hefty $8 billion bill for back taxes as a result of the current European Commission investigation into its tax policies, according to a new report from Bloomberg Intelligence.

If the Commission decides to enforce a tougher accounting standard on Apple, the company may owe taxes at a 12.5 percent rate on the roughly $64.1 billion in profit it generated from 2004 to 2012.