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EU Chief Talks Brexit, Apple's Tax Bill
Wednesday, September 14, 2016 - 1:48pm | 262European Commission President Jean-Claude Junker said Wednesday in his annual State of the Union address that the United Kingdom may not be granted access to the single market following June's Brexit vote. According to the UK-based Telegraph, the most senior member of the European Union...
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Why The Irish Government Is Fighting So Hard To Not Collect $14.5 Billion In Taxes From Apple
Thursday, September 8, 2016 - 12:44pm | 378The Irish government voted on Wednesday to appeal the $14.5 billion tax bill the European Union says Apple Inc. (NASDAQ: AAPL) owes the state of Ireland. The EU ruled in late August that Ireland provided Apple with tax benefits, which goes against its rules that govern all nations. Ireland...
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Nobel Prize Winner Joseph Stiglitz On The 'Dishonest' EU-Apple Tax Beef
Friday, September 2, 2016 - 10:07am | 275Joseph Stiglitz, a famed economist and Nobel Prize winner, is no fan of Apple Inc. (NASDAQ: AAPL) who was trying to avoid taxes in a "dishonest" way. Speaking to CNBC, the economist said the European Union was justified in slapping Apple with a $14.5 billion tax bill as the company...
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Ireland Agrees To Appeal Apple Tax Ruling
Friday, September 2, 2016 - 9:54am | 319The European Union slapped Apple Inc. (NASDAQ: AAPL) with a ruling that it owes the Irish government more than $14 billion in back taxes. Naturally, Apple disagreed with the ruling, but the Irish cabinet agreed to appeal the ruling in which the nation was accused of supplying illegal state aid to...
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Apple's EU Tax Bill 'Shows The Wisdom Of Brexit'
Thursday, September 1, 2016 - 9:31am | 425According to the U.K.-based publication Spectator, Apple Inc. (NASDAQ: AAPL)'s $14.5 billion tax bill handed to them by the European Union on behalf of Ireland represents the "kind of EU behavior" the people of the United Kingdom voted against. Spectator noted that for years, Ireland hoped to...
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Tim Cook Says 'Ireland Is Being Picked On,' Tax Bill Is 'Total Political Crap'
Thursday, September 1, 2016 - 8:36am | 320After being hit with a $14.5 billion tax bill from the European Union, Apple Inc. (NASDAQ: AAPL) CEO Tim Cook is fighting back. In an interview with the Irish Independent, Cook said the EU's ruling that Apple owes the Irish government billions of dollars is "total political crap." At the heart of...
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What Does The EU's Apple Tax Bill Have To Do With Brexit?
Wednesday, August 31, 2016 - 11:00am | 380The European Union's controversial $14.5 billion tax bill handed to Apple Inc. (NASDAQ: AAPL), which it expects Ireland to collect, proves two things. One, the EU has the resources and will to take on global giants in issues it deems pertinent, and two, the EU itself may have reinforced the case...
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Tim Cook Fires Back At European Commission Over Irish Tax Discrepancy
Tuesday, August 30, 2016 - 3:07pm | 308Apple Inc. (NASDAQ: AAPL)'s battle with Ireland over taxes continues to gain steam with Tim Cook's latest comments berating the European Commission. "The European Commission has launched an effort to rewrite Apple's history in Europe, ignore Ireland's tax laws and upend the international tax system...
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EU Seeking Back Taxes From Apple; Who's Next?
Tuesday, August 30, 2016 - 8:31am | 559The European Union ruled on Tuesday that Ireland's tax arrangements with Apple Inc. (NASDAQ: AAPL) are not compliant with EU laws. As a result, the company must pay $14.5 billion in back taxes it owes the Irish government. The EU has been investigating multi-national companies operating...
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Ireland Gave Illegal Tax Breaks To Apple; Company Plans To Appeal $14 Billion Bill
Tuesday, August 30, 2016 - 7:26am | 327Shares of Apple Inc. (NASDAQ: AAPL) fell more than 2 percent Tuesday morning after the European Union slapped the company with a whopping 13 billion euro ($14.5 billion) bill for back taxes. The EU concluded that Ireland gave Apple illegal state aid over many years. Fortune quoted the European...
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Apple's Tax Deal With Irish Regulators Could Take Longer Than Expected
Monday, April 4, 2016 - 11:14am | 187Apple Inc. (NASDAQ: AAPL) disclosed to investors last year that it expects "material" tax repercussions if the European Commission rules against the company over alleged tax avoidance, particularly in Ireland. Specifically, Apple may have avoided international tax rules in Ireland by...
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Google's European Tax Settlement Should Speed Up A Ruling On Apple's Irish Tax Case
Monday, January 25, 2016 - 11:47am | 189JPMorgan's Rod Hall briefly commented in a note on Monday that Alphabet Inc (NASDAQ: GOOG) recent agreement to settle a tax dispute with United Kingdom authorities should speed up a similar ongoing tax dispute between Apple Inc. (NASDAQ: AAPL) and Irish tax authorities. Alphabet's...
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Apple Executive Talks At Code Conference & Other Tech Stories JP Morgan Is Watching
Thursday, May 28, 2015 - 11:04am | 508In a report published Thursday, JP Morgan analyst Rod Hall detailed four tech related stories he is following. Apple's Jeff Williams Talks Apple Watch, Car Rumors Apple Inc. (NASDAQ: AAPL)'s Operations Chief Jeff Williams recently spoke at the Code Conference. The executive described...
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Is Apple Expanding In Ireland?
Tuesday, May 12, 2015 - 11:15am | 283In a report published Tuesday, JP Morgan analyst Rod Hall commented on reports that Apple Inc. (NASDAQ: AAPL) is believed to be exploring a major expansion of its key Irish plant just months after completing a "massive" 300 million euro development. Apple has operated in Cork, Ireland since 1980...
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Apple Expects 'Material' Tax Repercussions From European Commission Tax Probe
Wednesday, April 29, 2015 - 2:29pm | 316Apple Inc. (NASDAQ: AAPL) on Wednesday disclosed in a 10Q filing that it expects "material" tax repercussions if the European Commission rules against Ireland in an investigation over alleged state aid to the company. As noted in Apple's 10Q filling, on June 11, 2014, the European...