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Apple told to pay back €13bn in tax by EU
(www.bbc.com)
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this post was submitted on 10 Sep 2024
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Because its main export was/is being a tax haven inside the EU.
Yep. They tried desperately to build up an IT economy and for that wanted to appease all the tech companies.
Yeah I get that, and that’ll be because of the long term financial benefits of enticing the companies there. But still…€13bn is a mad figure.
With 13 billion I could easily bribe every politician in the world to eradicate daylight savings.
Finally! Someone who’s working on the issues I actually care about!
Ok but can we keep it on the summer time? I like later sunsets.
Why not make it eternal? We shall save the daylight
But like, what financial benefits do they get from this? Like the country itself. I'm really bad in this area. Like, do they buy property or set up a thin business? Does that pull in enough?
As i see it, not an expert:
Basically, the plan goes back to the early 2000s. Irland did not have much tech industry and positioned itself as an English speaking country cheaper and more friendly than the UK, giving mostly US companies an easy place to enhance their EU business.