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Topic: Taxes

French court denies Apple injunction against tax protests

02/23/2018, 01:02 pm

A Parisian court has blocked Apple's attempt to prevent Attac -- the Association for the Taxation of Financial Transactions and Citizen's Action -- from staging protests at the company's French retail stores.

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Apple's Irish tax bill close to finalization, "in the ballpark" of $16 billion

02/22/2018, 04:02 pm

The head of Ireland's Revenue Commission has advised the calculations of Apple's unpaid tax bill are almost complete, with the final total the iPhone producer will be expected to pay the government thought to be around 13 billion euro ($16 billion), close to initial estimates for the European Commission-mandated payment.

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Samsung chairman Lee Kun-hee suspected of evading $7.5M in taxes by South Korean police

02/08/2018, 10:02 am

Lee Kun-hee, the chairman of South Korean electronics giant Samsung, has been identified by police as a suspect in a tax evasion case, after authorities discovered evidence that 8.2 billion won ($7.5 million) in taxes was avoided by concealing funds in bank accounts opened under the names of other company executives.

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Apple's $7M in government lobbying dollars higher than ever, still eclipsed by Amazon, Facebook, Google, Microsoft

01/23/2018, 09:01 am

Apple's lobbying money grew dramatically to $7 million in 2017 -- but the biggest spender was Google, coming in at more than $18 million spent on lobbying efforts.

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Analysts say shareholders could win big from Apple's overseas cash repatriation

01/19/2018, 11:01 am

Apple's plan to repatriate the majority of its overseas cash holdings to the United States will majorly benefit its shareholders, analysts claim, with the company expected to use part of the cash influx to increase its share buyback programs and significantly boost dividend payments.

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EU says Apple's cash repatriation plans won't alleviate Irish $15.9B back tax payments

01/18/2018, 11:01 am

Though Apple is planning to pay the U.S. some $38 billion in taxes on repatriated foreign cash, that won't impact how much it owes in Ireland, a spokesman for the European Commission said on Thursday.

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Ireland's plans for Apple to pay $15.9B in back taxes may be delayed until Q2 2018

01/17/2018, 03:01 pm

Ireland's attempt to collect an estimated 13 billion euro ($15.9 billion) in unpaid taxes could take longer than previously thought, after Prime Minister Leo Varadkar advised to EU lawmakers that initial payments could commence during the second quarter of this year.

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Apple to pump $350B into US economy over next 5 years, pay record $38B in repatriation taxes [u]

01/17/2018, 01:01 pm

Looking to boost its domestic image, Apple on Wednesday announced that it expects to contribute $350 billion to the U.S. economy during the next five years, picking up some 20,000 jobs in the process. (Updated with internal letter from Tim Cook.)

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Apple forks over another $184M to UK tax authorities after 'extensive audit'

01/09/2018, 06:01 pm

The world's most valuable company now has a bit less in the bank after Apple was forced to settle up with Her Majesty's Revenue and Customs to the tune of $184 million in additional taxes.

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Apple sues group that occupied Paris store to protest company's unpaid taxes

01/04/2018, 12:01 pm

Apple has leveled a lawsuit against Attac -- the Association for the Taxation of Financial Transactions and Citizen's Action -- which ran protests at a number of French Apple stores on Dec. 2, including a brief occupation of the company's flagship Opera store in Paris.

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Apple expected to increase stock buyback, grow dividend payments as result of tax reform

12/22/2017, 10:12 am

Analysts are predicting that Apple won't change its acquisitions strategy under tax reform allowing for cash repatriation from overseas, but instead will radically expand its stock buyback program, and give shareholders a dividend increase going forward.

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Court rejects US bid to intervene in Apple's appeal of EU tax ruling

12/15/2017, 01:12 pm

The European Union's General Court has refused a U.S. government request to intervene in Apple's appeal of a 2016 European Commission ruling, which ordered Ireland to collect approximately $15.3 billion in back taxes from the company.

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India hikes import tax on cellphones, liable to hit Apple's iPhone hardest

12/15/2017, 09:12 am

The Indian government is raising import taxes on cellphones from 10 to 15 percent, which could put pressure on Apple to accelerate local iPhone manufacturing.

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Ireland says Apple to start paying $15.4B in back taxes in Q1 2018

12/04/2017, 10:12 am

Apple should finally begin paying $15.4 billion in back taxes into an escrow account in the first quarter of next year, Ireland's finance minister announced on Monday.

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Activist group occupies French Apple stores in protest of unpaid Irish taxes

12/02/2017, 05:12 pm

An activist organization staged a series of protests at French Apple stores on Saturday, calling on the company to pay the $15.5 billion in back taxes the Irish government has been ordered to collect by the European Commission.

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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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