The Latest: Ireland says Apple hasn't dodged any taxes - WAOW - Newsline 9, Wausau News, Weather, Sports

The Latest: Ireland says Apple hasn't dodged any taxes

Posted:
  • NationalMore>>

  • Sheriff: 11 people dead after Missouri tourist boat accident

    Sheriff: 11 people dead after Missouri tourist boat accident

    Thursday, July 19 2018 10:56 PM EDT2018-07-20 02:56:18 GMT
    Friday, July 20 2018 6:47 AM EDT2018-07-20 10:47:06 GMT
    A sheriff in Missouri says a tourist boat has apparently capsized on a lake, leaving eight people dead and several others hospitalized.More >>
    A sheriff in Missouri says a tourist boat has apparently capsized on a lake, leaving eight people dead and several others hospitalized.More >>
  • Hawaii town hopes lava tourism will bring economic relief

    Hawaii town hopes lava tourism will bring economic relief

    Thursday, July 19 2018 1:20 AM EDT2018-07-19 05:20:37 GMT
    Friday, July 20 2018 6:32 AM EDT2018-07-20 10:32:40 GMT
    (AP Photo/Audrey McAvoy, File). FILE - This Sept. 8, 2014 file photo shows downtown Pahoa, Hawaii. The small, rural town of Pahoa is the gateway to the eruption pouring rivers of lava out of Hawaii's Kilauea volcano. Historic wooden buildings lining it...(AP Photo/Audrey McAvoy, File). FILE - This Sept. 8, 2014 file photo shows downtown Pahoa, Hawaii. The small, rural town of Pahoa is the gateway to the eruption pouring rivers of lava out of Hawaii's Kilauea volcano. Historic wooden buildings lining it...
    Authorities in Hawaii want to set up a site where the public can view lava erupting from Kilauea volcano.More >>
    Authorities in Hawaii want to set up a site where the public can view lava erupting from Kilauea volcano.More >>
  • Zuckerberg's Holocaust comment puts Facebook on the spot

    Zuckerberg's Holocaust comment puts Facebook on the spot

    Wednesday, July 18 2018 6:08 PM EDT2018-07-18 22:08:45 GMT
    Friday, July 20 2018 6:32 AM EDT2018-07-20 10:32:31 GMT
    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.More >>
    Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook.More >>

BRUSSELS (AP) -- The Latest on the European Union's decision that Apple must pay billions in back taxes:

------

1:05 p.m.

Ireland's tax collection agency, the Revenue Commissioners, insists that Apple hasn't dodged a penny of lawfully calculated tax in Ireland.

The Revenue Commissioner chairman, Niall Cody, says the overarching problem is "mismatches between different countries' tax rules." Whereas Ireland taxes only a multinational company's profits on sales within Ireland -- a country of barely 4.6 million and representing a tiny fraction of those companies' global business -- the United States often seeks to recoup tax on a U.S.-headquartered company's profits worldwide.

Cody said Apple's profits "that are not generated by their Irish branches -- such as profits from technology, design and marketing that are generated outside Ireland -- cannot be charged with Irish tax under Irish tax law."

He says the Revenue Commissioners applied the same Irish tax rules to Apple as to around 1,000 other multinationals, most of them American, with bases in Ireland. He says: "Full tax due was paid in accordance with the law."

------

12:45 p.m.

Irish Finance Minister Michael Noonan has rejected the European Commission's ruling and says Ireland will appeal the judgment, insisting that Ireland's tax rules were transparent and straightforward.

He has rejected findings that Ireland cut an especially generous tax-avoidance deal to boost Apple's investments in Ireland, where the company employs 5,500 and plans to expand further.

Noonan said Tuesday in a statement issued minutes after the judgment: "I disagree profoundly with the commission's decision. Our tax system is founded on the strict application of the law ... without exception. The decision leaves me with no choice but to seek Cabinet approval to appeal the decision before the European courts."

He accused European regulators of trying to undermine the integrity of Ireland's tax system and subverting rights reserved for sovereign EU states. He said a successful appeal, which could take years, would "provide tax certainty to business."

Ireland's Cabinet will meet Wednesday to confirm plans to appeal the judgment.

  • InternationalMore>>

  • N. Korea puts reunion of war separated families in doubt

    N. Korea puts reunion of war separated families in doubt

    Thursday, July 19 2018 10:25 PM EDT2018-07-20 02:25:53 GMT
    Friday, July 20 2018 6:47 AM EDT2018-07-20 10:47:16 GMT
    North Korea puts reunion of war separated families in doubt.More >>
    North Korea puts reunion of war separated families in doubt.More >>
  • Suspect detained in killing of Olympic figure skating star

    Suspect detained in killing of Olympic figure skating star

    Friday, July 20 2018 3:16 AM EDT2018-07-20 07:16:14 GMT
    Friday, July 20 2018 6:47 AM EDT2018-07-20 10:47:13 GMT
    (AP Photo/Ivan Sekretarev, File). FILE - In this Oct. 21, 2017 file photo, Denis Ten, of Kazakhstan, skates his free program at the Rostelekom Cup ISU Grand Prix figure skating event in Moscow, Russia. Prosecutors in Kazakhstan said Thursday, July 19, ...(AP Photo/Ivan Sekretarev, File). FILE - In this Oct. 21, 2017 file photo, Denis Ten, of Kazakhstan, skates his free program at the Rostelekom Cup ISU Grand Prix figure skating event in Moscow, Russia. Prosecutors in Kazakhstan said Thursday, July 19, ...
    Kazakh media says authorities detained one suspect in the killing of Olympic figure skating medalist Denis Ten and are searching for another.More >>
    Kazakh media says authorities detained one suspect in the killing of Olympic figure skating medalist Denis Ten and are searching for another.More >>
  • Macron's security aide detained, was filmed beating activist

    Macron's security aide detained, was filmed beating activist

    Friday, July 20 2018 5:16 AM EDT2018-07-20 09:16:18 GMT
    Friday, July 20 2018 6:47 AM EDT2018-07-20 10:47:11 GMT
    A top security aide for President Emmanuel Macron caught on camera beating a protester has been detained and is being question for possible charges.More >>
    A top security aide for President Emmanuel Macron caught on camera beating a protester has been detained and is being question for possible charges.More >>
Powered by Frankly