Underneath the sleek design there’s nothing but sleaze. And behind the blarney there’s sinister bullshit. No wonder they understand each other and have been working harmoniously together since 1991. Despite the ultramodern technology and the trendy little economy – Apple and Ireland are nothing but pirates attempting to pillage as much as they can from the global community.
All was revealed in Brussels on Tuesday when the EU Competition Commissioner, Margrethe Vestager, nailed the corporation and the country to the wall of shame. After investigating Apple’s tax arrangements in Ireland Vestager concluded that Dublin is breaking EU rules by giving state aid to Apple – one of the richest corporations in the world (it’s value is not far off a trillion dollars).
The state aid in question is a tax arrangement that allows Apple to avoid paying international tax. The trick is the use of a shell company that is based in Ireland but which is officially “stateless”. By directing all the money it makes outside the US into it’s “Irish” shell company Apple – thanks to the Irish government – walks away with a tax rate of “0.005%”. That is: apart from the token amount it pays to the Irish government at the usual 12.5% rate – Apple walks away with everything it can get it’s hands on. But since this special tax package is offered “only” to Apple the EU judged it to be a breach of it’s competition rules.
(...)
That’s right. The Irish state which is up to it’s neck in debt (it owes $232 billion) refuses in the face of it’s EU masters to “tax” the richest corporation on the planet (Apple is sitting on a mountain of cash worth $231 billion). The asymmetry is perfect. And is a true reflection of globalisation. For the sake of the corporation – the nation state is impoverished. And for the sake of the corporation – the nation state impoverishes other nation states. You would think that Ireland learned it’s lesson after it bailed out it’s banks. But no: it continues to carry water for the corporation. And sees nothing wrong with this – even when it is dying of thirst. It is obvious therefore that “dignity” is excluded from the official Irish lexicon. And justice – at home and abroad? That’s a foreign language in the corridors of Irish power. Full story...
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All was revealed in Brussels on Tuesday when the EU Competition Commissioner, Margrethe Vestager, nailed the corporation and the country to the wall of shame. After investigating Apple’s tax arrangements in Ireland Vestager concluded that Dublin is breaking EU rules by giving state aid to Apple – one of the richest corporations in the world (it’s value is not far off a trillion dollars).
The state aid in question is a tax arrangement that allows Apple to avoid paying international tax. The trick is the use of a shell company that is based in Ireland but which is officially “stateless”. By directing all the money it makes outside the US into it’s “Irish” shell company Apple – thanks to the Irish government – walks away with a tax rate of “0.005%”. That is: apart from the token amount it pays to the Irish government at the usual 12.5% rate – Apple walks away with everything it can get it’s hands on. But since this special tax package is offered “only” to Apple the EU judged it to be a breach of it’s competition rules.
(...)
That’s right. The Irish state which is up to it’s neck in debt (it owes $232 billion) refuses in the face of it’s EU masters to “tax” the richest corporation on the planet (Apple is sitting on a mountain of cash worth $231 billion). The asymmetry is perfect. And is a true reflection of globalisation. For the sake of the corporation – the nation state is impoverished. And for the sake of the corporation – the nation state impoverishes other nation states. You would think that Ireland learned it’s lesson after it bailed out it’s banks. But no: it continues to carry water for the corporation. And sees nothing wrong with this – even when it is dying of thirst. It is obvious therefore that “dignity” is excluded from the official Irish lexicon. And justice – at home and abroad? That’s a foreign language in the corridors of Irish power. Full story...
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