France slaps Apple with a massive fine for unpaid taxes

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Tim Cook may have to open his checkbook one more time.
Photo: Ste Smith/Cult of Mac

Apple has been hit with another massive fine in Europe, as French tax authorities recently issued the company with a 400 million euro ($422 million) bill, according to French newspaper L’Express.

As with a lot of Apple’s other tax issues, the complaint reportedly relates to Apple’s tax optimizing strategy of channelling profits through its Irish subsidiary.

Apple exec cuts deal to avoid jail in European tax probe

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Apple previously shelled out 318 million euros over its lack of corporate tax payments in Italy.
Photo: Ste Smith/Cult of Mac

An Apple executive has avoided jail as part of an Italian investigation into Apple’s failure to pay corporate tax in the country.

The executive in question, the head of Apple’s Irish-based Apple Sales International, was being investigated as part of the case. Apple agreed to pay 318 million euros last year to close the investigation, but the exec could still have been forced to spend six months in prison for his part in it.

EU governments meet to divvy up $14.5 billion Apple tax windfall

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Apple hasn't paid the money yet, but already it's being divvied up.
Photo: Jim Merithew/Cult of Mac

European Union finance ministers reportedly discussed how to divvy up the windfall from Apple’s 13 billion euros tax bill at a closed-door meeting in Slovakia over the weekend.

Some European governments were reportedly more keen on getting their hands on Apple’s money than others, with Germany’s Wolfgang Schäuble saying, “Of course we’re looking into it.”

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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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.