Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, CCCTB


#161

Michael O’Leary trying to outdo Mary Mitchell O’Connor for Apple Tax Stupidity

After John Bruton above, they seem to be lining up to out do Mary Mitchell O’Connor for stupidity re Apple Tax.
(MMO’C discussed here thepropertypin.com/viewtopic.php?p=890620#p890620)

IRISH INDEPENDENT: Michael O’Leary, Ireland should just threaten to leave the EU over Apple Tax
independent.ie/irish-news/ne … 48171.html

Just when I thought nobody could outdo the stupidity of Mary Mitchell O’Connor’s article (“if they were only here for the low taxes, they could have gone to the Cayman”), O’Leary proves that he is certainly not an expert on everything.

People who have read the first two posts on this thread will understand the stupidity of Michael’s article.
thepropertypin.com/viewtopic.php?f=4&t=66347

More “Leprauchan Economics” lessons for you Michael…


#162

Discussion continues of who voted for the EU what and why etc etc. here - viewtopic.php?f=4&t=66388


#163

Japanese Revenue show how “amateur” Apple’s Irish IP scam is (and why it is going to speed up Ireland getting the €19bn).

As discussed at length at in the first post of this report, one of Margrethe Vesgater’s “grenades” (and there are several), is showing other EU Revenues that Apple was, according to the Irish Revenue, remitting cash to a “stateless” entity that sits outside the EU TP System with no EU tax treaty. As I showed, this could cost Apple over €60bn (not €19bn), and is why Apple are going to beg us to take the €19bn

(“we messed up, Apple Ireland was always a fully “onshore” Irish resident company”, future statement from Tim C®ook).

Interesting article in Irish Times re Japanese Revenue, who have discovered that Apple Japan “forgot” to pay Withholding Tax on their “transfer” to Ireland (any readers of my Section 110 Vulture Fund scandal thread, will understand how critical avoiding Irish Withholding Tax is to Vultures). I forgot Withholding Tax re Apple’s tax scam. It is another nail in Apple’s coffin, as given Apple Ireland was “stateless” (according to our Revenue), it was therefore outside the EU Withholding Tax net (ouch !). This almost guarantees that Apple would incur full EU local taxes in each country, UNLESS it can prove that the Irish Revenue was wrong (ouch !), and Apple Ireland (“ASI”) was really fully Irish resident, all along.

Get ready for our €19bn Christmas present, I don’t think Apple is going to be waiting 6 years for it’s EU appeal to settle it !!

IRISH TIMES: Apple fined in Japan for under-reporting earnings sent to Ireland
irishtimes.com/business/technology/apple-fined-in-japan-for-under-reporting-earnings-sent-to-ireland-1.2793469?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Ftechnology%2Fapple-fined-in-japan-for-under-reporting-earnings-sent-to-ireland-1.2793469


#164

Back at you Michael O’Leary

After O’Leary showing that his understanding of Apple Tax is about as good as Mary Mitchell O’Connor’s driving …

Michael O’Leary trying to outdo Mary Mitchell O’Connor for Apple Tax Stupidity
thepropertypin.com/viewtopic.php?p=891208#p891208

We now have the EU (humorously) turning the table back on us …

IRISH TIMES: German MEP and satirist demands Ireland’s ejection from EU on Apple tax
irishtimes.com/business/economy/german-mep-and-satirist-demands-ireland-s-ejection-from-eu-on-apple-tax-1.2792494

Which (finally) gets a response from Leo Varadkar …

IRISH TIMES: Michael O’Leary’s Apple remarks ‘like throwing a grenade’
irishtimes.com/news/politics/michael-o-leary-s-apple-remarks-like-throwing-a-grenade-1.2794230

… who himself, is no stranger to the Dublin IFSC “tax haven” circuit.

Turlough Galvin, Head of Tax Group in Dublin Law Firm, Matheson (2nd largest in Dublin)
thepropertypin.com/viewtopic.php?p=887428#p887428


#165

The US plots revenge on the EU…

reuters.com/article/us-deuts … SKCN11L2VQ


#166

Suzanne Kelly puts on the Green Jersey for Apple’s global tax avoidance scheme

IRISH INDEPENDENT: Why Ireland is only entitled to a Seller’s Margin on Apple Sales
independent.ie/business/irish/why-ireland-is-really-only-entitled-to-its-sellers-margin-on-apple-sales-35057395.html

While Suzanne Kelly is a barrister with a deep knowledge of Irish tax law, she makes a fool out of herself here:

  1. She forgot to mention Apple’s enormous and elaborate IP scam (which caused “Leprechaun Economics”), made Apple Ireland (“ASI”) far more then just a “seller” of Apple products; it is the owner of the non-US rights for most Apple products.

  2. She also forgot to mention (she knows this), that Apple made transfers from EU countries to a Company in a “stateless” location (that other EU countries have no tax treaty or transfer pricing arrangement with). This is going to hurt Apple.


Of course, common sensed readers of this thread, will realise that the insight of a “leading US tax academic”, is likely to be a little less biased, then the insight of a person who earns her crust from defending (and issuing private “opinions” for up to €250k a pop), MNCs in Ireland, trying to avoid all EU and US (and Irish) taxes, with dodgy “IP” TP schemes.

The fact that Apple did their “Leprechaun Economics” moment (see first post on this thread), itself proves that Apple themselves know they are wrong, and are trying to limit their liability to other EU Revenues.

Perhaps Suzanne is hoping to represent Apple. However, if she read this thread, she will realise that Apple are going to settle anyway in the next year or so, and pay the €19bn to Ireland.


#167

Time to wheel out Upton Sinclair for the umpteenth time:

“It is difficult to get a man (or woman) to understand something, when their salary depends upon not understanding it!”


#168

+1

“Whose bread I eat, his song I sing” (Old German Proverb)


#169

Dennis O’Brien filling up a bit of airtime for Bloomberg with little of note but does think Apple followed all the rules and Revenue is independent and all that.

bloomberg.com/news/articles/ … brien-says

BTW, Ireland the best place in Europe to invest too - give that man the full green outfit.


#170

Imagine if Apple started selling €30,000 cars(they’re working on it) and uses Ireland to do their transfer pricing. Ireland could be the biggest contributor to the E.U. budget of all the member states when the GDP takes off in to the stratosphere.


#171

Except allegedly they’ve shelved the car project :frowning:


#172

Does Denis have the same “stateless” arrangement as Apple did, with the Irish Revenue?
(and which the Irish Government was never aware of, of course …)


#173

The journal.ie have that DOB story up and as usual when it come to the Libelous one, comments are closed/not being allowed up. It’s over 1 hour since the story was posted and no comments as yet!
Free media!


#174

No, he even threatened Waterford Whispers in his day, the cunt. :smiley:


#175

Perhaps not. Apple in takeover talks with carmaker McLaren


#176

That makes sense as McLaren have an istream process for building cars in factories with a very small footprint and there is talk of them also approaching Magna Steyer who have competence in building cars on behalf of other manufacturers. They could buy McLaren and partner with Magna Steyr.


#177

Neelie Kroes shows just how compromised the system is becoming

When Tim C®ook was quoted “it’s all political crap”, he really meant was “we can’t buy off this Danish* politician, oh crap”

(*) i.e. Margrethe Vestager (not Neelie Kroes, who was bought long ago)

IRISH TIMES: Ex-EU commissioner Neelie Kroes criticises Apple tax ruling
irishtimes.com/business/economy/ex-eu-commissioner-criticises-apple-tax-ruling-1.2776179

THE GUARDIAN: Ex-EU commissioner Neelie Kroes failed to declare directorship of offshore firm in Bahamas
theguardian.com/business/2016/sep/21/ex-eu-commissioner-neelie-kroes-failed-to-declare-directorship-of-offshore-firm


#178

A sad article on many dimensions for our “Tech Economy” (if true !)

BUSINESS INSIDER: Dublin is not in the list of Europe’s best tech hubs
uk.businessinsider.com/dublin-tech-hub-europe-brexit-2016-9

We are the European HQ of the worlds biggest tech firms, yet we seem to have little of the startup Eco-system that usually surrounds such firms?

Of course, per post #1 in this thread, many of the tech jobs in Ireland are more localisation-type (i.e. tax driven), than real programming and key development.

We need our IDA to stop ‘surfing’ the wave of tech global tax avoidance schemes, and actually start to do some work and build a real tech economy?


#179

Forget my thread, watch this.

We may be bad at understanding the exact sums, but it doesn’t mean we don’t get it:

IRISH INDEPENDENT: Irish lads Apple Tax rant goes viral
independent.ie/entertainment/banter/trending/watch-take-the-money-irish-lads-apple-tax-rant-has-gone-viral-35070100.html


#180

Was I the only one expecting to see O35 in this ? :smiley: