Apple taxation in Europe: up to $8 billion at stake according to Bloomberg

For Apple, it's all about optimization, even
when it comes to taxation. The European Commission is underway
investigation into thelegality of the firm's position at the
appleregarding its agreement with the Irish government to
pay less tax (the company is taxed at 2.5%, whereas it should
pay 12.5% ​​taxes). If the commission of inquiry rules against the
Tim Cook's company, they are no less than8 billion
dollarswhich will have to be paid to regularize the
situation :

In fact, if the agreement is declaredfraudulentby the
European Commission, it is not Apple but the Irish government which
would be judged for non-compliance with the law. On the other hand, Apple will always have to
return the savings made so farthanks to this agreement,
and suffice to say that it could be expensive.

Would be to be reimbursed, the8 billion in taxes
saved, but also additional amounts linked to taxes on
different countries in Europe in which Apple has made sales, at rates
much higher than that normally applied by Ireland (12.5%).

Recently, the Cupertino companysold
his tax woes in Italyfollowing a government investigation
Italian about unpaid taxes to the transalpine state.

On this subject, Tim Cook is rather sensitive, he does not hesitate to talk about
political bullshitwhen we
discusses accusations of tax evasion, justifying this by the fact that
more than two thirds of Apple's revenues are made outside the USA and that
would be too expensiveto bring this income back inside,
especially in the current state withtaxes too high
enforced by the US government.

Source

Editor-in-chief for iPhon.fr. Pierre is like Indiana Jones, looking for the lost iOS trick. Also a long-time Mac user, Apple devices hold no secrets for him. Contact: pierre[a]iphon.fr.