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Stop terraforming taxation, says Cupertino, and let us get on with it Apple has filed its defence against the European Commission's claim it owes €13bn in back taxes in Ireland.
Apple on Monday filed a defence in which it dismissed the very idea of the US$13.75/£11bn bill, calling for the total or partial annulment of the European Commission decision that set the case in motion and suggesting the Commission pay Apple's costs into the bargain.
Cupertino's argument offers 14 pleas in law that collectively assert that the EU just doesn't understand how Apple operates and thoroughly misunderstands the way it gets stuff done in Ireland.
We therefore get familiar arguments suggesting Apple need not pay tax in Ireland because the real profit-generating work happens elsewhere. Apple Ireland "carried out only routine functions and were not involved in the development and commercialisation of Apple IP which drove profits," says Plea 4.
-- submitted from IRC
(Score: 2) by c0lo on Wednesday February 22 2017, @11:47AM
If it carries out only routine function, it won't be that much of a loss for Apple, in case the European court decide they are operating outside the European law and closes Apple Ireland [fortune.com] before 2020 [wikipedia.org], righto?
If I remember well, the Netherlands is European as well, so looking into Apple's shell companies [wikipedia.org] there wouldn't be that hard.
Yes, it may be that the prices of Apple gadgets will raise a bit or the shares of Apple will get down a bit. Or a lot? Just in case, here's the proverbial smallest violin, should I start playing?
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford