. | . |
Apple accuses European Commission of 'political crap' over EUR13bn fine by Staff Writers Dublin (AFP) Sept 1, 2016 Apple chief Tim Cook on Thursday slammed a European Commission ruling demanding the US tech behemoth pay Ireland EUR13 billion in back-taxes as "political crap", urging the Irish government to launch an appeal. "It's total political crap," Cook told the Irish Independent newspaper, of European Competition Commissioner Margrethe Vestager's assertion that the company had paid a tax rate of 0.005 percent on its European profits in 2014. The commission ruled that Apple had received favourable tax terms that amounted to state aid -- illegal under its rules. Cook earlier told Irish national broadcaster RTE that Apple had never received any "sweetheart deal" from Ireland and that his company's global tax rate in 2014 was 21.6 percent. "It's maddening; it's disappointing; it comes from a political place -- it has no basis in fact or law," he added. The tech boss called on Irish government ministers to "do the right thing" when they meet Friday and approve an appeal against the ruling. Finance Minister Michael Noonan said he would seek official cabinet approval for an appeal hours after the decision was delivered Tuesday, describing it as "bizarre". However, an emergency cabinet meeting of Ireland's minority government on Wednesday failed to agree, with some ministers demanding a parliamentary vote on the issue. "We have been committed to Ireland for 37 years; we have had a long-term romance together and I'm pretty confident the government will do the right thing and I think the right thing here is to stand up and fight," Cook told RTE, speaking from California. Cook added that his company "has nothing to apologise" for and that the Irish government had "done absolutely nothing wrong", saying that Dublin was being "picked on". Apple will appeal and Cook believes Ireland will do the same in the interests of protecting future inward investment. He also criticised the retrospective nature of the order, which covers alleged unpaid taxes from 1993-2001. "It's like playing a sports game and winning the championship and then finding out the goals are worth less than you thought they were," he told RTE.
Related Links Global Trade News
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |