Apple’s tax win might bring long term pain

Stefan Mileschin · 17th July 2020, 09:14

EU is not going to take this lying down

Apple’s win against a EU fine might bring more long term doom for Ireland and Jobs’ Mob.

The Tame Apple Press has been over the moon after an EU Appeals court threw out an EU fine against Apple for not paying any tax in Ireland under a dodgy deal done to promote jobs in the region.

The EU might still appeal the ruling at the European Court of Justice, but that is not the worst thing that could happen as a result of this win.

The EU has been mulling a crackdown on regulations as big US tech have been exploiting loopholes in tax rules. Now the feeling is that the Digital Services Act to tighten regulations must be fast tracked. Otherwise US technology companies will continue to pay no tax and kill off European rivals

The decision is not universally popular in Ireland either as the country is desperate for cash to fight off the economic damage caused by the Corona Virus.
https://fudzilla.com/news/51188-appl...long-term-pain

17th July 2020, 09:14	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,650	Apple’s tax win might bring long term pain EU is not going to take this lying down Apple’s win against a EU fine might bring more long term doom for Ireland and Jobs’ Mob. The Tame Apple Press has been over the moon after an EU Appeals court threw out an EU fine against Apple for not paying any tax in Ireland under a dodgy deal done to promote jobs in the region. The EU might still appeal the ruling at the European Court of Justice, but that is not the worst thing that could happen as a result of this win. The EU has been mulling a crackdown on regulations as big US tech have been exploiting loopholes in tax rules. Now the feeling is that the Digital Services Act to tighten regulations must be fast tracked. Otherwise US technology companies will continue to pay no tax and kill off European rivals The decision is not universally popular in Ireland either as the country is desperate for cash to fight off the economic damage caused by the Corona Virus. https://fudzilla.com/news/51188-appl...long-term-pain

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Facebook reorganizes Oculus to further its long-term VR goals	Stefan Mileschin	WebNews	0	5th November 2018 08:06
Uber is free to operate in Italy on a long-term basis	Stefan Mileschin	WebNews	0	29th May 2017 09:25
Violent games have no long term side-effects	Stefan Mileschin	WebNews	0	13th March 2017 10:28
AMD CEO believes VR is a long term investments	Stefan Mileschin	WebNews	0	29th April 2016 06:14
Synology Launches DSM 6.0 Long-Term Beta and New Hardware	Stefan Mileschin	WebNews	0	8th October 2015 11:25
Bernanke: Bitcoin ‘may hold long-term promise’	Stefan Mileschin	WebNews	0	20th November 2013 09:31
Microsoft explains Outlook.com outage, provides long-term fixes	Stefan Mileschin	WebNews	0	18th August 2013 18:07
HDD Vendors Want Long-Term Contracts with PC Makers	Stefan Mileschin	WebNews	0	29th December 2011 09:56
The X58A-OC, the enthusiast community and a long-term vision	Massman	WebNews	2	10th March 2011 07:49
Long-term performance analysis of Intel Mainstream SSDs	jmke	WebNews	8	16th February 2009 23:09