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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

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The Daily Sceptic

offsite link News Round-Up Tue Dec 24, 2024 00:40 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Can Science Tell Us the Meaning of Life? Mon Dec 23, 2024 19:54 | Dr David Bell
At Christmas time, Dr David Bell reflects on what has true value in this world, the limits of science to tell us what that is and what a baby in a manger might have to say about it.
The post Can Science Tell Us the Meaning of Life? appeared first on The Daily Sceptic.

offsite link Non-Crime Hate Incidents Surge in Half of Police Forces Despite Government Crackdown Mon Dec 23, 2024 17:46 | Will Jones
The number of?non-crime hate incidents?recorded by police has surged in half of Britain's forces despite attempts by the previous Government to crack down on the practice, official data show.
The post Non-Crime Hate Incidents Surge in Half of Police Forces Despite Government Crackdown appeared first on The Daily Sceptic.

offsite link Reeves?s Simplistic Thinking Spawned This Budget from Hell Mon Dec 23, 2024 15:44 | David Craig
Simplistic linear thinking by Rachel from Accounts and the Treasury spawned this Budget from hell, says David Craig. A systems thinker would have known it would send the economy into a doom loop of recession and decline.
The post Reeves’s Simplistic Thinking Spawned This Budget from Hell appeared first on The Daily Sceptic.

offsite link British Drivers Steering Away From New Cars In Their Droves Mon Dec 23, 2024 13:00 | Sallust
British car-buyers are turning away from new vehicles in their droves and keeping their reliable old petrol models going for far longer as Labour's Net Zero war on affordable motors heats up.
The post British Drivers Steering Away From New Cars In Their Droves appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Voltaire, International Newsletter N?113 Fri Dec 20, 2024 10:42 | en

offsite link Pentagon could create a second Kurdish state Fri Dec 20, 2024 10:31 | en

offsite link How Washington and Ankara Changed the Regime in Damascus , by Thierry Meyssan Tue Dec 17, 2024 06:58 | en

offsite link Statement by President Bashar al-Assad on the Circumstances Leading to his Depar... Mon Dec 16, 2024 13:26 | en

offsite link Voltaire, International Newsletter N?112 Fri Dec 13, 2024 15:34 | en

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If Apple Paid Its Back Taxes, There Would Be No Need For Water Charges Or Property Taxes

category national | bin tax / household tax / water tax | press release author Wednesday September 23, 2015 23:31author by pbp Report this post to the editors

The European Commission has been investigating how Apple got away with paying a tax rate of just 2 percent on massive profits. It has concluded that the company benefited from an illegal deal with the Irish government. This judgement will be announced shortly.

Apple operated two subsidiaries in Ireland – Apple Operations International and Apple Sales International – and it funnelled billions of its global profits through these companies to avoid paying a €34 billion tax bill in the US. It was able to do this this because of a secret deal with the Irish government which cut its tax bill below the official 12.5% rate. The Irish government even allowed it to claim that it was ‘non-resident for tax purposes’.

Earlier this year, Apple warned its investors that it was likely to be hit by a big fine when the EU judgement came though.
It stated that “If the European Commission were to conclude against Ireland, it could require Ireland to recover from the company past taxes covering a period of up to 10 years reflective of the disallowed state aid, and such amount could be material.”

The Financial Times calculated that this could amount to about €2.5 billion.

Which begs the question: what should a cash strapped government that has been squeezing its own population dry do when such a windfall was possible? Grab it with both hands, you might think, and ease up on austerity.

Sure, it might have to admit that the Irish state was complicit in the scam and face a little ‘name and shame treatment’.
But what is a little humiliation compared to getting enough money to abolish the water taxes for decades or a combination of water charges and property taxes for a few years.

Yet, unbelievably, the Irish government is lobbying the EU Commission to stop Apple paying this fine. It wants to give them a little rap on the knuckles but not be forced to pay back taxes.

The Irish elite want to turn their country into a tax haven for the rich. They lash out at their own population to create enough fiscal space to allow large corporations get off lightly.

So when faced with the prospect of back taxes from Apple, they do everything to avoid taking the money. If ever there was a reason to overthrow this sick political establishment the scandal over Apple’s back taxes shows it.

Related Link: http://www.peoplebeforeprofit.ie/2015/09/if-apple-paid-its-back-taxes-there-would-be-no-need-for-water-charges-or-property-taxes/
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