Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: Rumors | Apple

 

Apple’s Tax Breaks Under Investigation By EU

The European Union’s antitrust officials are opening an investigation

1 Updates
Apple’s Tax Breaks Under Investigation By EU
Photo Credit: Getty Images
 
 

YouTube Videos Comments

Full Story

Apple’s Tax Breaks Under Investigation By EU

According to the top antitrust official from the European Union, they are looking into Apple’s tax agreements that allow them to internationally reduce their tax bills.

Joaguin Almunia is the competition commissioner for the Eu and he says that they are working hard to undermine the kind of tax agreements that companies like Apple have, including setting up international headquarters in Ireland. This is one of the preferred places for tech companies to set their headquarters, due to the extreme tax breaks that are in place for corporate taxes.

In particular, the investigation is going to look at whether or not Apple is receiving special treatment in the company, including their taxes. Irish statesmen believe that there has not been any aid given to Apple, although they admit that the way that their laws are set up could have an impact on them choosing to call the country home.

They will also be looking into Luxembourg and the Netherlands as possible tax havens for major corporations who are looking to evade paying their taxes. The reasoning behind this is that the governments of many European companies, as well as the United States, are missing out on huge amounts of money that they are owed. Companies like Apple have avoided literally billions in taxes thanks to a variety of tactics, all while remaining the most profitable company in the world.

It remains to be seen what will happen with this investigation, although Apple is set to have a very good year, making this an important time for them.

Source: NY Times

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/27" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

 

Comments

blog comments powered by Disqus

Latest stories

Ronda Rousey to fight Gina Carano; appears at The Expendables 3 Premiere
Ronda Rousey looks Sexy at The Expendables 3 Premiere
Ronda Rousey plans to fight Gina Carano in her next match in the ring. And Arnie and Sly ogled her at the moment when the premiere of The Expendables 3 was taking place.
 
 
Gaming Laptops: The Best &amp; The Rest
Gaming Laptops: The Best & The Rest
The long list of gaming laptops may include both the best and the rest. But ultimately it is your choice which one you want from many.
 
 
Windows Phone 9 Hits Developers for Christmas
Windows Phone 9 Hits Developers for Christmas
Windows 9 is supposed to be unveiled end of September. The new Windows Phone 9 OS is rumored to arrive for developers in December.
 
 
Martina Hingis makes a Comeback to the Game
Martina Hingis makes a Comeback to the Game
The tennis champ, Martina Hingis made a comeback to the game recently. She will play in the doubles match for the U.S. Open.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.