Technology Apple, Ireland strike deal on 13-billion-euro tax payment
Apple Is Said to Plan Apple Music-Like News Subscription Service
The move is part of a broader push by the iPhone maker to generate more revenue from online content and services. The Cupertino, California company agreed last month to buy Texture, which lets users subscribe to more than 200 magazines for $9.99 a month. Apple cut about 20 Texture staff soon after, according to one of the people.The world’s largest technology company is integrating Texture technology and the remaining employees into its Apple News team, which is building the premium service.
4, 2017, that Ireland has struck a deal with Apple to collect up to 13 billion euros ( billion) in back taxes and hold it in an escrow account pending an appeal before the European Court of Justice.
APPLE has been ordered to pay a stupendous billion in taxes after a special scheme to reroute its profits was exposed. The European Union has ordered Apple to pay $ 13 billion euros after finding its tax deal with Ireland amounted to illegal state aid.
Ireland's government on Tuesday said it was signing a deal with Apple for the US tech giant to pay 13 billion euros ($16 billion) in back taxes as ordered by the European Commission.
The formal signature is expected later on Tuesday and the money will go into an escrow account, a type of third-party account used in transactions, the finance ministry said in a statement.
The money is expected to be paid into the account by the third quarter of this year pending an appeal against the EU ruling by Apple and the Irish government, the ministry said.
Facebook to put 1.5 billion users out of reach of new EU privacy law
<p>If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller.</p>Facebook members outside the United States and Canada, whether they know it or not, are currently governed by terms of service agreed with the company's international headquarters in Ireland.
The European Union’s antitrust regulator on Tuesday ruled that Apple Inc.’s tax arrangement with Ireland breached state-aid rules, ordering the Irish government to recover as much as 13 billion euros (.5 billion) in taxes from the tech giant.
The European Commission (EC) ordered Apple to pay Ireland unpaid taxes of up to 13 billion euros (.5 billion) on Tuesday as it ruled the firm had received illegal state aid. What is the EC alleging? The European Union’s (EU) executive arm has ruled that Ireland made a deal with Apple that had no
Finance Minister Paschal Donohoe said the government still "fundamentally disagrees" with the 2016 ruling which said Apple had benefited from illegal tax breaks offered by Ireland.
Donohoe said Ireland would, however, comply with its "binding legal obligations" as a European Union member state.
Apple has its European headquarters in Ireland.
"This is the largest recovery fund of its kind ever to be established," Donohoe said, explaining delays in the process of establishing the account.
The European Commission has said that Apple had received favourable tax terms in Ireland that amounted to state aid.
The government claimed that Apple has paid the full amount due to the Irish state from 2004 to 2014 and denies it gave it "selective treatment".
But the European Commission said Apple paid an effective corporate tax rate of just 0.005 per cent on its European profits in 2014 -- equivalent to just 50 euros for every million.
Spotify operating loss narrows in first quarterly report .
Spotify Technology on Wednesday posted quarterly revenue in line with its recent outlook and sharply lower operating losses in the music streaming leader's first financial report as a publicly traded company. The Swedish company, which began trading in an unorthodox public stock offering a month ago, reported a first-quarter operating loss of 41 million euros, a 55 percent improvement over the fourth quarter and 71 percent better than a year ago.Revenue for the latest quarter was 1.139 billion euros ($1.36 billion), up 26 percent from a year earlier, or 37 percent excluding currency effects.
Apple ordered to pay 13bn euro tax bill to Ireland, both to appeal
The European Commission has taken a big bite out of Apple. The tech giant has been ordered to pay up to 13 billion euros in back taxes to the Irish government in Dublin. The EU accused Apple,...
EU regulators order tech giant Apple to pay up to 13 billion euros in back taxes to Irish government
Our journalists are working on this story and will update it as soon as more information becomes available.… READ MORE : http://www.euronews.com/2016/08/30/eu-regulators-order-tech-giant-apple-to...
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4, 2017, that Ireland has struck a deal with Apple to collect up to 13 billion euros ($15 billion) in back taxes and hold it in an escrow account pending an appeal before the European Court of Justice.
APPLE has been ordered to pay a stupendous $19 billion in taxes after a special scheme to reroute its profits was exposed. The European Union has ordered Apple to pay $ 13 billion euros after finding its tax deal with Ireland amounted to illegal state aid.
The European Union’s antitrust regulator on Tuesday ruled that Apple Inc.’s tax arrangement with Ireland breached state-aid rules, ordering the Irish government to recover as much as 13 billion euros ($14.5 billion) in taxes from the tech giant.
The European Commission (EC) ordered Apple to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. What is the EC alleging? The European Union’s (EU) executive arm has ruled that Ireland made a deal with Apple that had no
Apple has not fully paid the 13 billion euros ($13.9 billion) it owes to Ireland in illegal tax benefits even though the deadline has passed, the European Union's competition said on Tuesday. "Well the recovery is not done yet but we have been working with the Irish authorizes and we can see that they
LONDON (AP) — Ireland has struck a deal with Apple to collect up to 13 billion euros ($15 billion) in back taxes and hold it in an escrow account pending an appeal before the Court of Justice of the European Union.
American tech giant Apple has not paid all the € 13 billion ($13.9 billion) owed to Ireland for receiving illegal tax benefits despite passing the deadline, according to EU competition chief Margrethe Vestager.
The European Commission has ordered Ireland to collect up to € 13 billion ($14.5 billion) from Apple , plus interest, ruling that the tech giant received illegal tax benefits from the Irish government. The decision brings a close to one phase of an ongoing investigation into tax deals carried out by US
European Union officials announced Tuesday morning that they are ordering Apple to pay $14.5 billion (technically € 13 billion ) in back taxes EU authorities, however, allege that something even bigger was going on with Ireland — a special tax deal similar to deals the EU has already challenged
EU slapped Apple with the multi- billion euro bill saying Ireland granted unfair deals that reduced the company’s effective corporate tax rate. Ireland has already asked the court to strike down the EU’s decision from August. URL for news « Apple Fights $ 13 Billion Euro Tax Bill».
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