Major cash boost for Ireland as first €3bn worth of Apple tax payout money lands in State’s accounts
THE first €3 billion worth of the Apple money has landed into the State’s coffers – resulting in a boost to tax returns for last month. An update from the Department of Finance shows that Ireland ...
Irish Independent on MSN7h
First €3bn of Apple Tax money has hit Irish State coffers
The first roughly €3bn of the Apple Tax money has landed in Irish state coffers. The latest Fiscal Performance or Exchequer ...
PA Media on MSN1d
Apple tax should fund state construction company, People Before Profit says
Billions of euros in tax receipts from Apple should be used to establish a state construction company, People Before Profit ...
The Economist5d
Ireland’s government has an unusual problem: too much money
Ireland faces a different problem: the government is so flush with cash it does not know quite what to do with it. In ...
Apple Takes $4.8 Billion Foreign Tax Credit for Ireland Tax Bill
Apple is recording a US foreign tax credit of $4.8 billion that will partly offset the cost to the company of a €13 billion ($14.2 billion) tax bill it must pay Ireland because of an EU court ruling ...
Apple’s quarterly profit down because of tax payment to Ireland
The increased revenue didn’t translate into profit gains because Apple, which lost a court case in September, was forced to ...
DPA International on MSN4d
Apple posts $14.7bn net income despite EU tax bill
Apple on Thursday posted a net income of $14.7 billion in the past quarter despite a huge tax bill in Ireland, a significant ...
Apple’s Profit Drops 36% as Tech Giant Pays $10 Billion to Resolve European Tax Issue
Apple reported its Q4 earnings on Thursday, with the iPhone maker posting sales of $94.9 billion but also taking a $10 ...
World Politics Review28d
The Apple Tax Ruling Is a Gamechanger for Ireland, the EU and Big Tech
Then-EU Competition Commissioner Margrethe Vestager speaks during a news conference at EU headquarters, in Brussels, Belgium, Aug. 30, 2016 (AP photo by Virginia Mayo). After almost 10 years of ...
Reuters28d
Ireland spins global tax mess into $28 bln of gold
The Apple back taxes are set to push Ireland’s surplus this year to 7.5% of gross national income, according to the government. The figure will fall to 2.9% in 2025.
Apple Sales Hit Quarterly Record as iPhone Business Rebounds
Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that ...
Apple’s Quarterly Profit Down Because of Tax Payment in Europe
Sales for the iPhone maker were up 6 percent to to $94.93 billion. But a $14.4 billion tax bill cut profits that would have ...