Which is exactly what you and mottie are trying to do.
Multinational forced to pay some tax
- Thread starter JohnD
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Which is exactly what you and mottie are trying to do.
Think of what your idea of 'tax dodging' is and let us know.
I’ve asked you before, many many times, but you seem to be unable to answer that simple question. I’ll give you three choices of what your idea of 'tax dodging' could be.
(a) Tax avoidance
(b) Tax evasion
(c) Both of the above.
So come on O righteous one, which is it so that we can all get an idea of WTF you are talking about when you next bang on about 'tax dodging'.
"Jamie John in London
Published 9 HOURS AGO
Apple paid Ireland $17bn in taxes last year, representing 40 per cent of its worldwide total, according to filings that offer new insight into the iPhone maker’s global tax liabilities.
The $17bn payment was significantly boosted after the EU’s top court in 2024 ordered Apple to pay €13bn in back taxes. The court ruled that Ireland had granted the tech giant “unlawful aid”, resulting in a tax rate of less than 1 per cent. Apple paid $43bn in corporate income taxes worldwide last year"
FT.com
Published 9 HOURS AGO
Apple paid Ireland $17bn in taxes last year, representing 40 per cent of its worldwide total, according to filings that offer new insight into the iPhone maker’s global tax liabilities.
The $17bn payment was significantly boosted after the EU’s top court in 2024 ordered Apple to pay €13bn in back taxes. The court ruled that Ireland had granted the tech giant “unlawful aid”, resulting in a tax rate of less than 1 per cent. Apple paid $43bn in corporate income taxes worldwide last year"
FT.com
"The latest figures were published under new EU rules that require large companies to break down revenues, profits and corporate income taxes for every jurisdiction in the bloc as well as designated tax havens.
Apple booked pre-tax profits of $6mn per employee in Ireland, compared with just $51,000 per employee in Germany, where it paid $153mn in cash taxes, or 0.3 per cent of its total. Apple employs 5,575 people in Ireland, which is home to its European headquarters, and 4,089 in Germany.
New tax disclosure measures are providing campaigners with fresh ammunition to push big businesses to boost their contributions to public finances."
ibid
Unsurprisingly, the giant tax-dodgers are moaning about having to pay some tax.
Trump will doubtless attack Europe.
And end up "letting" them pay tax in US instead.
Apple booked pre-tax profits of $6mn per employee in Ireland, compared with just $51,000 per employee in Germany, where it paid $153mn in cash taxes, or 0.3 per cent of its total. Apple employs 5,575 people in Ireland, which is home to its European headquarters, and 4,089 in Germany.
New tax disclosure measures are providing campaigners with fresh ammunition to push big businesses to boost their contributions to public finances."
ibid
Unsurprisingly, the giant tax-dodgers are moaning about having to pay some tax.
Trump will doubtless attack Europe.
And end up "letting" them pay tax in US instead.
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I'm paying 50% tax atm, which I showed.
I just had a good couple of days on the market , so I've shoved the money somewhere its return will be taxed at 3%.
Is that "dodgy"?
Ireland set the taxes low. They wanted big companies to base there so they'd have a good income from those taxes, and a lot of people would be employed. There are big drug and tech companies there now, um, Apple, Google, Msoft, Pfizer, and J&J. A subsidiary of Msoft used a loophole to pay zero taxes. Stupid maybe, but not illegal. You can't blame the companies.
Twas ever thus. Why go on about it?
I just had a good couple of days on the market , so I've shoved the money somewhere its return will be taxed at 3%.
Is that "dodgy"?
Ireland set the taxes low. They wanted big companies to base there so they'd have a good income from those taxes, and a lot of people would be employed. There are big drug and tech companies there now, um, Apple, Google, Msoft, Pfizer, and J&J. A subsidiary of Msoft used a loophole to pay zero taxes. Stupid maybe, but not illegal. You can't blame the companies.
Twas ever thus. Why go on about it?
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If the Labour government move CGT to align with income tax, I think a lot more people will use loans secured against capital assets to avoid paying both income tax and CGT. It's definitely worth a look for those at retirement age with Capital assets providing significant income. It can also help with inheritance tax. Since your estate becomes liable for the loan.
So Ireland got the benefit of Apple locating there, and the tax it told them they would save. Way to go, except as we’re out of thd EU we’re presumably not bound by state aid rules
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Apple did actually restructure at the time moving a fair chunk to Jersey.
seems the mods missed this thread to move.
seems the mods missed this thread to move.
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Yep, might use one if I decide to move. Then if the SM is working, reinvest the loan.
