What is truth?

Archive for August, 2016

Apple won’t pay the €13bn unpaid tax to Ireland – Max Keiser

Corporate Tax Avoidance

Apple has just been told that it owes €13 billion in unpaid taxes to Ireland

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Dear Thomas,

BREAKING NEWS: Apple has just been told that it owes €13 billion in unpaid taxes to Ireland. [1] That’s €2,800 for every man, woman and child in Ireland. That’s an end to hospital waiting lists, homelessness and overcrowded classrooms.

But they’re trying to weasel out of paying us what we’re due and they’re making Finance Minister Michael Noonan do their work for them. We need to work together to urgently remind him that his job is to protect us not wealthy corporations.

We all pay what we owe – teachers and nurses, mums and dads, waitresses and carers, pensioners and students. Together we need to make sure Michael Noonan stops his plans to appeal this ruling and takes the tax that is owed to us.  If we get 10,000 signatures on this open letter by Friday – it will show the Minister that he can’t put Apple’s interests before ours.

Apple will be threatening all sorts in the coming days. But, here’s the thing – they aren’t going anywhere. Even without the ‘sweetheart deal’ they’ve managed to squeeze out of Ireland – they still do very well out of us and won’t want to pull out of Ireland. [2]

The Irish government says they don’t have the money to fund what we need for our hospitals, schools, public transport and social housing. Apple’s tax bill would go a long way to solving this problem.

If we act fast we can use people power to drown out the naysayers lining up to explain away why Apple shouldn’t have to pay their tax bill.

Uplift members stand for fairness and justice and by working together we can make sure Michael Noonan understands that his job is to protect us and not Apple.

More power to you,

Siobhán and the Uplift team

Apple has been caught illegally dodging billions in tax

Dear Thomas,

 

Apple has been caught illegally dodging billions in tax. The European Commission has ruled today that Apple should pay €13 billion in unpaid taxes to Ireland under illegal state aid rules. [1].

 

This is great news, but we know there are many more cases of corporations dodging tax that go unnoticed or where investigations don’t lead to sanctioning [2]. Now that all eyes are on Apple, we have momentous opportunity to call on them to persevere and side with the European people by demanding real transparency.

 

After years of pressure from people like us, in these very months the European Union is looking into forcing corporations to be transparent about how much tax they pay. That way everyone can see if they have tried to hide profits and how much they actually owe. Corporations are putting all their lobbying power against thisproposal. We have to be stronger than them.

 

Sign now to make big businesses pay their fair share in taxes too

 

If the law the EU is preparing ends up with the lack of transparency corporations want, we wouldn’t get information to monitor whether they do aggressive tax planning and profit shifting, and we’d get it from fewer than 15% of them [3, 4]. It would mean that corporations can simply shift their profits to tax havens and continue to dodge tax.

 

The Commission has done a good job of investigating and sanctioning Apple, but investigations take a long time, and only scratch the surface of the problem. It is still addressing the symptoms but failing to treat the disease.

 

Over 80,000 Europeans who are part of our WeMove community already joined the tax justice movement. There are many more corporations avoiding taxes, and if we are to to stop it, we need the Commission and the Council to act.

 

Make your voice heard: total transparency is needed from corporations for fair taxation

 

Thank you for standing up for tax justice,

 

Virginia (Madrid), Julia (Warsaw) and the WeMove Europe Team

 

PS. Real transparency means that all companies in the EU are obliged to report publicly, no matter where their headquarters are; that they report on their activities in all countries, not just EU countries; and that 85% of companies are not exempted from reporting.

Jack Lew Furious After Europe Set To Hit Apple With “Largest Tax Penalty Ever”

Just minutes after the excitement over Apple’s new product announcement hit, The FT drops a rather more painful headline stating that Apple will on Tuesday be hit with Europe’s largest tax penalty after Brussels ruled that the company received illegal state aid from Ireland. Despite Treasury Secretary Lew’s pleas/demands just a week ago that the EU back off, the company will have to pay billions of euro in back taxes to Dublin as the European Commission moves to redraw the boundaries on aggressive tax avoidance by the world’s biggest corporations.

A week ago, Jack Lew implored Europe to reconsider…

After a meeting with U.S. Treasury Secretary Jack Lew last month, the European Union’s antitrust chief Margrethe Vestager tweeted a photo of herself standing awkwardly next to the American finance chief, with the two of them facing in slightly different directions.

 

 

It was a “very good meeting,” she tweeted. But the photo was fitting, for the two were far from seeing eye-to-eye over the EU’s investigations into the sweetheart tax deals some multinational companies have sealed with various European governments.

 

The trans-Atlantic discord could deepen this fall when the European Commission, which holds the bloc’s antitrust authority, is expected to decide on some of its biggest cases, including one involving Apple Inc. The commission could require the companies to pay back large sums in unpaid taxes.

But it appears Washington’s might has been overlooked as The FT reports that Vestager circulated the final ruling to her counterparts in the EU’s executive branch only on Monday morning, deploying a fast-track procedure in a bid to minimise leaks. The usual notice period is two weeks.

A 130-page judgment by the commission follows a three-year investigation into claims that two advance tax opinions issued by Dublin violated EU law by granting Apple an advantage not available to other companies.

 

The decision is set to be the subject of appeals in the European courts by Apple and Ireland, both of which have denied any wrongdoing.

 

The commission’s ruling calls on Dublin to raise a new tax assessment on Apple, which previously warned the US Securities and Exchange Commission that an adverse decision by Brussels could have a “material” impact on its finances.

 

One person familiar with the inquiry said Apple will have to restate its accounts as a result of the ruling.Investigators have examined how Apple paid a tax rate of less than 1 per cent on European sales — far lower than Ireland’s headline 12.5 per cent tax rate on business profits.

 

The commission is concentrating on the tax treatment of Apple’s intellectual property assets, a hotly disputed area likely to lead to a large claim for back taxes.

 

Although the decision itself does not specify the precise amount of money in play, Ms Vestager will set out an estimate when the findings are released on Tuesday, according to people briefed on her plans. Several people briefed on the findings in Brussels and Dublin believe the liability will run to billions of euros.

The Starbucks and Fiat rulings are under court appeal, and investigations continue into Amazon’s arrangements.

Clearly, the ruling marks a setback for the Irish government, which has moved in recent years to unwind the most contentious elements of a corporate tax regime that has long irritated other EU member states.

“The government‘s case is very robust,” said Ireland’s finance ministry. “The minister has indicated previously that any adverse ruling should be appealed in the European courts and will recommend that course to cabinet.”

How long before we hear calls for IreLeave?

And how long before more European banks face fines for various money-laundering charges or mal-treatment of investors? The ‘tit’ for this ‘tat’ – just as American hegemony is being called into question globally – will likely be large.

http://www.zerohedge.com/news/2016-08-29/jack-lew-furious-after-europe-set-hit-apple-largest-tax-penalty-ever

Peter Sutherland: “sovereignty is an absolute illusion that has to be put behind us.”

In a recent interview with the Un News Center, Peter Sutherland, the United Nations Special Representative of the Secretary-General for International Migration, declared that “sovereignty is an absolute illusion that has to be put behind us.

“I will ask the governments to cooperate, to recognize that sovereignty is an illusion — that sovereignty is an absolute illusion that has to be put behind usThe days of hiding behind borders and fences are long gone. We have to work together and cooperate together to make a better world. And that means taking on some of the old shibboleths, taking on some of the old historic memories and images of our own country and recognizing that we’re part of humankind.

 

Refugees are the responsibility of the world. They’re the responsibility of the United States, of Canada, of Latin America and of Asia, as well as Europe.  Proximity doesn’t define responsibility.”

Sutherland continued by drawing upon the standard progressive narrative that anyone who disagrees that “sovereignty is an absolute illusion” is just “racist and xenophobic, and [ought] to be condemned.”  Wow, won’t you please tell us how you really feel?

“[But] in the European debate, there have been areas, there’ve been pockets of political activism, which I consider to be racist and xenophobic, and [ought] to be condemned.

full article at source:http://www.zerohedge.com/news/2016-08-28/nationalist-tensions-rise-sarkozy-demands-britain-deal-asylum-seekers-britain

see also :https://thepressnet.com/2012/05/10/meet-the-real-taoiseach-of-ireland-peter-sutherland/

also:https://thepressnet.com/2015/01/20/peter-sutherland-and-irelands-vulture-funds/

Nobody Speak:DJ Shadow feat. Run The Jewels:

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