Escrow you, Apple! Ireland expects Cupertino to cough up to €13bn
06 December, 2017, 00:52
The European Commission ruled in August 2016 that the iPhone maker must reimburse the Irish state a record 13 billion euros to make up for what it considered to be unpaid taxes over a number of years. It has taken just over a year, but Apple and Ireland have finally reached an agreement to start collecting the money and placing it into an escrow account. The figure is reportedly 40 times bigger than any previous demand under European Union rules prohibiting countries from helping companies gain advantages over their competitors. According to the EU, the tax deal allowed Apple to pay nearly nothing in tax on its European profits between 2003 and 2014. It is important that we send a strong message that Ireland remains an attractive and stable location of choice for long-term substantive investment.
Having long disputed the ruling and failing to collect the tax, the case was sent to the European Court of Justice.
Ireland's Department of Finance called the move "extremely regrettable", saying that it had already been making progress toward dealing with "the unprecedented recovery amount" it had to collect from Apple.
Darron Lee a healthy New York Jets scratch vs. Chiefs
But their free-fall continued, and the New York Jets are on the rebound. "That's why he left the field", coach Andy Reid said. Peters was penalized for throwing a penalty flag into the stands after the Jets' two-point try with 2:15 left in the game.
As a result of both parties contesting the ruling, the matter is now awaiting a European Court of Justice decision, and the money will be paid into the escrow account in the interim. Jersey is a self-governing dependency of the United Kingdom, and the island does not charge corporate tax for most companies.
Apple believes that the ruling will be overturned in time and that it's acted in accordance with the law.
Earlier on Monday, a Sanaa-based activist said that the Houthis had gained control of most of Sanaa from Saleh's forces. Saudi Arabia, accusing Iran of backing the rebels, intervened in Yemen on behalf of the government the following year.
However, it seems Bitcoin's vast popularity is slowly gaining traction among private entities and financial regulators. The twins, who went to Harvard and Mark, had invested $ 11 million in Bitcoin four years ago.
Her former soccer coach Rian Rodriguez, 27, is now in jail on a charge of interference with a child's custody. According to reports, investigators have since notified Frisina's parents that she had been found safe.
They're going to be nearly a year older by the time we start shooting season three. "It provides certain challenges", he added. According to series creators Matt and Ross Duffer, the third season will be weirder and more character based .
Stargazers, astronomers and curious sky-watchers get a chance to witness the first and only full moon supermoon of 2017. While the moon is always a attractive sight in the sky, occasionally skywatchers are treated to a special "supermoon".
Patriots CB Stephon Gilmore returned to Buffalo for the first time since leaving the team in free agency during the offseason. Lee, who played a large role with Kyle Van Noy limited due to a calf injury, also sacked Taylor and deflected a pass.
Not exactly happy that Taylor got hurt, but thrilled that they could use this as an excuse to be done with the era of Tyrod. Get daily prep sports headlines from the Gwinnett Daily Post staff delivered to your email.
Meantime, the rival Giants are hoping Stanton determines San Francisco would suit him as a runner-up choice. The agreement of the deals was part of the precondition for Stanton to meet with officials from both clubs.
However, Schulz softened the stance on Friday as he said his party was willing to hold talks with the Union. Schulz fronts a party which is split evenly down the middle on what he should do next.
Netflix 'House of Cards' to resume without Kevin Spacey
The fifth season of House of Cards also, luckily, ended by hinting that Claire might be taking charge of things instead of Frank. First elements of response, with the announcement of a Kevin Spacey totally absent from the season .
Turtle Creek Mall host event for Autistic children
Breanne Hartfield, a parent, says she found out about the event through Facebook and couldn't pass up the opportunity. Smiles could be seen across children's faces as they passed Santa's Wonderland in Grapevine Mills.
Chabahar port, made by India, inaugurated in Iran
On Sunday, the first phase of the Chabahar port was officially inaugurated by Hassan Rouhani , the President of Iran . In fact, reaching out to Afghanistan is one of the prime strategic objectives of the Chabahar port project for India.
Amazon Marketplace Has Finally Launched In Australia
A Lenoxx 9-inch Twin Screen Portable DVD player, which retails for $149 on Kogan.com , is $172.38 plus $9.45 delivery on Amazon . Australian tech startup Koalasafe has been selling its product via the Amazon Marketplace since 2015 .
Facebook launches new messaging app made for kids
No ads means that Facebook will collect "little data" since it won't be doing targeted advertising towards kids on Messenger Kids. More than 2 billion people use Facebook every month, not counting subsidiary apps such as Messenger, WhatsApp and Instagram.
Penn State to play Washington in the Fiesta Bowl
The Huskies beat the Scarlet Knights 30-14 in New Jersey en route to a 10-2 season with wins over Washington State, Oregon, UCLA. Penn State surprisingly received an invitation Sunday to play Washington in the Fiesta Bowl Dec. 30 in Glendale, Ariz.
Mark Zuckerberg's sister harassed on Alaska Airlines flight
The man also rated and commented on the bodies of other women boarding the aircraft as they walked by, according to Zuckerberg. The New York Times noted there is no centralized database where data about sexual harassment on airlines is collected.