Apple will pay $15 billion to hosting accounts if it does not comply with EU tax requirements.

category:Internet
 Apple will pay $15 billion to hosting accounts if it does not comply with EU tax requirements.


But before that, Apple will deposit the tax in escrow account. Apple announced today that the company will start to make money from accounts in May. If the ruling of the court of appeal is still upheld, it will be the largest corporate tax payment ever made. As apple and Ireland disagreed with the EUs ruling, the time to start paying the custodial account was also delayed. At the end of last year, Ireland was fined for failing to comply with EU rulings. It is reported that the payment schedule has been worked out before January, and it is finally fruitful today. Apple has promised to start payment in May, and all the payments will be paid before September. The key to the debate is whether Irelands 0.5% low tax rate on apple is legal. The EU describes this low tax rate as a special offer because it only applies to apple, while the Irish government and apple refuse to accept that. Before Apple formally appealed, the companys chief legal adviser, BruceSewell, said that Apple had become the object of making headlines and describing the EUs decision as a misunderstanding of the internal operations of its huge companies. When our company chief executive Tim Cook (TimCook) made a decision to influence the Irish subsidiary ASI (Apple International Sales), the European Commission said they didnt care because he was not a ASI employee and he was a Apple Corp employee. But it is a misunderstanding of the companys operation to think that Cook cant make decisions for ASI, which is a completely wrong statement of the company law. It will take many years to solve these legal cases (which may require more rounds of Appeals), and Ireland will deposit the money in escrow accounts. If the EUs ruling is not supported, the money will be returned to apple. Apple may eventually agree to pay part of the tax, but not necessarily the European Unions 13 billion euro sky high price. (small) source of this article: NetEase science and technology report editor: Wang Fengzhi _NT2541 When our company chief executive Tim Cook (TimCook) made a decision to influence the Irish subsidiary ASI (Apple International Sales), the European Commission said they didnt care because he was not a ASI employee and he was a Apple Corp employee. But it is a misunderstanding of the companys operation to think that Cook cant make decisions for ASI, which is a completely wrong statement of the company law. It will take many years to solve these legal cases (which may require more rounds of Appeals), and Ireland will deposit the money in escrow accounts. If the EUs ruling is not supported, the money will be returned to apple. Apple may eventually agree to pay part of the tax, but not necessarily the European Unions 13 billion euro sky high price. (small)