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Topic: Taxes

UK government to initiate tax crackdown on tech firms holding earnings offshore

11/22/2017, 09:11 pm

The UK Treasury on Wednesday said it will begin cracking down on large corporations that shift British earnings overseas in a bid to avoid the country's high taxes, a move that follows a wider European Union strategy seeking much the same.

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EU presses Apple for details on latest tax arrangements in wake of Paradise Papers

11/07/2017, 08:11 pm

The European Union's competition commissioner has asked Apple to update details on its tax situation, following allegations that the company relocated some operations from Ireland to Jersey to avoid higher rates.

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Apple slams story of cash hidden in Jersey to reduce taxes, calls itself 'largest taxpayer in the world'

11/06/2017, 11:11 pm

In a rare blog posting, Apple listed a series of inaccuracies in the "Paradise Papers" tax story reported by the International Consortium of Investigative Journalists, while outlining its business in Cork, Ireland; emphasizing that the company is the "largest taxpayer in the world" and repeating that it "pays every dollar it owes in every country around the world."

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Paradise Papers suggest Apple shifted holding firm to Jersey to protect $252B from taxation; Apple refutes claim [u]

11/06/2017, 05:11 pm

After a 2013 investigation into its Irish tax affairs, Apple continued to avoid paying billions of dollars in taxes by changing its structure, moving the holding firm for over $250 billion in cash reserves to the Channel Islands, this week's "Paradise Papers" leak has revealed.

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As Apple's cash hoard grows to $268 billion, Republican tax plan would make it cheaper to return funds to US

11/03/2017, 12:11 pm

Apple this week revealed that its cash position has grown to $268 billion, with the vast majority of it held overseas to avoid paying domestic taxes. But the prospect of bringing that money stateside could become more appealing if the proposed U.S. tax overhaul comes to pass.

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Detente possible between Tim Cook, Macron over Apple's future taxation in France, EU

10/10/2017, 10:10 am

More details have emerged from Apple CEO Tim Cook's meeting with French President Emmanuel Macron -- with Cook reportedly exiting the discussion aware that the earnings generated by the iPhone need to be better shared amongst EU nations, and not primarily collected by one or two countries.

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Apple's Tim Cook to talk with French President Macron on Oct. 9

10/08/2017, 07:10 pm

Apple CEO Tim Cook will meet with French President Emmanuel Macron on Monday, according to an official agenda item, marking just his second official visit to France as CEO.

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European Commission takes Ireland to court for failing to collect taxes from Apple

10/04/2017, 09:10 am

Confirming an earlier report, the European Commission on Wednesday said it will bring Ireland to the European Court of Justice for failing to collect at least $15 billion in back taxes from Apple, which were originally due Jan. 3.

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Ireland could face fine for dragging heels on back taxes from Apple

10/02/2017, 04:10 pm

The European Commission is set to penalize Ireland with a "non-compliance action" for failing to collect up to $17.6 billion in back taxes from Apple, owed after the Commission found the Irish government brokered unfair deals that constituted illegal state aid.

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Irish finance minister decries EU's demand for $15B+ in Apple back taxes, says it's not Ireland's job

08/17/2017, 09:08 am

In a German interview this week, Ireland's finance minister attacked the European Commission's ruling calling for the collection of $15 billion in back taxes (plus interest) from Apple, saying it was both unjustified and outside Ireland's responsibility.

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Apple & Ireland 'close to deal' to protect government from losses while holding $17.7B in escrow

08/11/2017, 11:08 am

Apple and the Irish government are reportedly nearing a deal that would shield the latter from losses incurred while holding up to $17.7 billion in Apple cash, including interest -- money that may be due in back taxes following a 2016 European Commission ruling.

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Ireland gearing up escrow fund, government supervision for $15.2B tax payment from Apple

07/24/2017, 12:07 pm

Nearly a year after the initial declaration, Ireland is making ready to receive a $15.2 billion tax payment from Apple, and hold it in secure escrow until appeals end.

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Feds said to have filed appeal opposing Apple's retroactive $14.8 billion Irish tax bill

07/04/2017, 01:07 pm

In a first formal step opposing the blockbuster tax ruling by the European Union, the U.S. government has reportedly filed with the European Union General Court to opposition the $14.8 billion mandate by the European Commission.

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Apple's growing cash hoard surges to $256.8 billion

05/02/2017, 05:05 pm

As of the end of the March quarter, Apple held $256.8 billion cash on hand, with the vast majority of it held overseas awaiting possible repatriation tax reform -- if the U.S. government is inclined to cooperate.

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Apple asked to pay hundreds of millions in back taxes in Australia in wide-reaching probe

04/06/2017, 09:04 am

Apple is reportedly one of seven multinationals the Australian Taxation Office has asked to pay hundreds of millions of dollars in back taxes, accusing the corporations of using tactics like "debt dumping" and moving profits offshore to avoid obligations.

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Apple paid taxes from New Zealand revenues to Australia for the last 10 years - report

03/20/2017, 10:03 am

Apple has not paid any income tax in New Zealand for the last ten years, a new report reveals , with the iPhone producer said to have paid out only $37 million from sales generated in the country, paying the due tax to the Australian Tax Office instead of New Zealand's Inland Revenue.

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Apple fails to remove UK import duty for Apple Watch sport bands

03/06/2017, 04:03 pm

Sport bands for the Apple Watch continue to be a taxable accessory in the United Kingdom, after a tax tribunal ruled the strap should not be exempt from import duty, despite Apple's insistence it is an essential part that allows many of the wearable device's functions to work.

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Survivor's guide to taxes: The best tax software for Macs

03/02/2017, 10:03 am

Tax Day 2017 falls on Tuesday, April 18 this year, and although taxpayers get a few extra days to file, you'll need the right tools to get the job done. AppleInsider is rounding up the best tax prep software and filing tools to not only meet, but beat the deadline.

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Apple files 14-point appeal against European Commission's $14 billion tax edict

02/20/2017, 05:02 pm

Apple has filed its appeal with the European court of appeals, all declaring that the European Commission's decision to levy $14 billion in taxes on Apple on behalf of the EU is erroneous, against the rule of law, and should be stricken.

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Apple refuses Irish finance committee meeting for second time

02/03/2017, 11:02 am

Apple has declined a second invitation to a meeting with a finance committee in Ireland over the European Commission's $14 billion tax ruling, while Irish Finance Minister Michael Noonan has accused the regulator of making a politically motivated decision.

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