The Irish government has reportedly selected Bank of New York Mellon to control an escrow fund holding up to $18.6 billion in back taxes collected from Apple, pending attempts to reverse a ruling by the European Commission.
The European Union will soon release proposals to change the way it taxes major tech companies operating within the continent, French Finance Minister Bruno Le Maire has revealed, with firms including Apple potentially being taxed at a rate of between 2 percent and 6 percent in the future.
The European Commission is willing to withdraw its court case against the Irish government for failing to collect some $16 billion in back taxes from Apple — but only if the country collects the full amount, the E.U.'s Competition Commissioner said in an interview.
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.
The European Commission is reportedly preparing to sanction Qualcomm for anti-competitive practices in supplying components to Apple for use in its iPhones, with the antitrust watchdog potentially levying a fine against the chip producer of up to $2 billion.
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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In another big week for Apple, the App Store is coming under extreme scrutiny in court, while at the same time AirTag is receiving more attention now it's in user hands, and the smaller notch of the "iPhone 13" reappears.
If four product announcements during the "Spring Loaded" event weren't enough, the week also saw Apple manufacturer Quanta's data held for ransom, Apple's appearance in front of the feds regarding anti-trust allegations, and more!
Brydge is taking the wraps off its latest iPad keyboard just in time for Apple's new iPad Pros. The Brydge 12.9 Max+ features a redesigned hinge, rear protection, and a truly massive multi-touch trackpad.
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.
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.
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.
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.
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."
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.
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.
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.
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.
The European Union has fined Facebook 110 million euros — about $122 million — for providing "misleading information" during a 2014 review of its WhatsApp acquisition, which raised concerns about data sharing between the two services.
Home automation with HomeKit is great for the homeowner, but not as good for guests or visitors. Here's how to give a house guest control of all your HomeKit devices — and how to lock them out again when they leave.
Apple's AirTag is the company's simplest, and smallest product since it started including stickers with devices. If it didn't require accessories, it would be nearly perfect — though there are also issues to be aware of.