Apple tax!

Tommy Monk wrote:

Irn Bru wrote:

Tommy Monk wrote:So what were the labour govt and the eu saying about corporations running their profits through front offices in Ireland from at least as far back as 2004 while paying little to no tax on any of it...?

It doesn't matter what they were saying Tommy, the cat is out of the bag now and it's payback time - we need the money.

It does matter Bru...

Tommy Monk wrote:

Are you seriously trying to say that nobody knew about these goings on until now...!?



The labour govt from at least 2004... the eu for all this time too...?



Surely you would think that our labour govt back then in 2004 would be highly concerned about a company operating in the UK and making huge profits, when the company was diverting all these profits to an overseas front office set up in Ireland and subsequently avoiding paying any uk taxes on these profitable amounts...!?

Ireland doesn't want $14.5 billion in tax from Apple
 by Mark Thompson -  CNN Money  September 2, 2016: 9:46 AM ET 

Ireland is turning its back on a massive tax windfall from Apple.

The Irish government confirmed Friday it would appeal a European Union order to collect 13 billion euros ($14.5 billion) in back taxes from the tech giant.
The European Commission ruled Wednesday that Ireland had helped Apple artificially lower its tax bill for more than 20 years, assistance that it said constituted illegal state aid for the company.

Apple (AAPL, Tech30) has already said it will appeal. CEO Tim Cook has described the Commission's claim that Apple paid Irish tax of just 0.005% on much of its international profits in 2014 as "total political crap." Irish politicians were divided earlier in the week over whether to pursue an appeal. And it's easy to see why.

As recently as 2010, the country was bailed out by the EU and International Monetary Fund. The extra tax billions would go a long way at a time when Irish officials are worried about the impact of Brexit on their economy. But multinationals such as Apple have created thousands of jobs in Ireland, and many are worried that the flow of foreign investment could be hurt if the government enforces the EU's retroactive tax demand.

That feeling is most acute in Cork, the city in the south of Ireland that is home to Apple's European headquarters. Residents told CNN this week that investment by multinationals had transformed the regional economy, brought prosperity and jobs and kept it afloat during the recession that followed the global financial crisis.

"We had two things that saved us: one was Apple, one was our pharmaceutical industry. Both very much foreign direct investment," said fishmonger Pat O'Connell.

Not everyone has sympathy for Apple's case. Cork politician Donnchadh O Laoghaire supported his party's call not to appeal the tax ruling. He said Ireland's special "sweetheart" tax deal with Apple led to a "substantial amount of lost revenue" and the government shouldn't let the issue drag on.

"In many ways the reputational damage has already been done," he said. "I think we need to accept this decision."
http://money.cnn.com/2016/09/02/technology/ireland-apple-eu-tax-appeal/index.html

Tommy Monk wrote:

Labour were in govt in 2004...


What were they doing at the time...?


What was their FSA doing at the time...?