giftedviz.com
giftedviz.com July 23, 2018


Apple finally giving Caesar he's due to the tune of $15 billion

06 December 2017, 12:51 | Austin Hogan

Apple finally giving Caesar he's due to the tune of $15 billion

Ireland's finance minister has said they have come to an agreement with Apple where the iPhone maker is set to pay.4 billion in back taxes in early 2018

It has taken just over a year, but Apple and Ireland have finally reached an agreement to start collecting the money and placing it into an escrow account.

The ruling stated that tax benefits received by the tech company were illegal under European Union rules, because they allowed Apple to pay substantially less tax than other businesses.

The EU's ruling also angered a number government leaders in Ireland, who filed their own appeal on the grounds that the ruling infringes on the nation's sovereignty and harms its ability to attract business.

The government have come to an agreement with Apple for the contested €13 billion tax bill that the company was ordered to pay Ireland.

Apple may or may not be losing its tax advantage in Ireland, but the company has apparently been exploring other options for tax havens in Europe.

United Nations envoy bound for North Korea as tensions soar
He said Mr Feltman's trip was in response to an invitation extended by the North Koreans during the UN General Assembly in September.


Starbucks is opening a store in China every 15 hours
The Roastery cafe includes three wooden coffee bars and a dedicated bar that offers China's traditional drink, tea. It will also host the Teavana Bar - its first outlet in China specifically offering a range of Chinese teas.


Cinnabon honors National Cookie Day with "Cookie BonBites"
Want a free chocolate chip cookie on #nationalcookieday? No purchase necessary and limit one per person. Great American Cookies: Get one free original chocolate chip cookie , no purchase necessary.


Paschal Donohoe, Ireland's finance minister, said that Apple is expected to begin funnelling money into the fund during the first quarter of 2018.

Now it appears Apple and Ireland have agreed to cooperate, and pay $15.4 billion to the Irish government, all while however still continuing litigating the case.

As a result of both parties contesting the ruling, the matter is now awaiting a European Court of Justice decision, and the money will be paid into the escrow account in the interim.

In a statement, Apple said that it remains confident the court will overturn the commission's decision once it has reviewed the evidence.

Both Apple and the Irish government have appealed the ruling, but the position in the meantime is that the amount must be collected.



Other News

Trending Now

Lamar Jackson, Bryce Love, Baker Mayfield named Heisman finalists
He also ranks second in passing touchdowns (41), third in total offense (357.7 ypg) and fourth in passing yards (333.8 per game). The Oklahoma quarterback was a dark-horse candidate entering the season, and he lived up to the billing and then some.

Heavy Rain, Temperature Drop, Wintry Mix and Snow Expected This Week
Vido expects temperatures to continue to average 5-10 degrees below normal across the eastern US through the middle of the month. An associated cold front will pass through the state Tuesday allowing Arctic air to infiltrate central IN mid-to-late week.

Jawan, 2 terrorists killed in encounter in J&K's Kulgam
The hiding militants opened fire on a search party that tried to zeroed in on the concrete structure. The house, where from militants were firing on the security personnel, was damaged in the gunfight.

'Holiday Bowl 40th Game Day' Declared by City
Last season WSU fell to Minnesota, while it defeated No. 5 Texas in 2003 and narrowly fell to No. 14 Brigham Young in 1981. The Cougars are making their second straight and fourth overall appearance in the Holiday Bowl.

The Wait Is Finally Over! Amazon Launches Down Under
All the orders will be fulfilled from Amazon's fulfillment centre in Dandenong Victoria . About half its global sales come from such marketplace sellers.

AMD Always Connected PCs will include Qualcomm modems
Contrary to what you might expect, the new Windows 10 ARM computers don't look hugely different from their Intel counterparts. The company didn't give many details about the processor but said Samsung's foundry business will be manufacturing the chip.

International Olympic Committee bars Russian Federation from competing in 2018 Winter Games
On the other hand, individual Russian athletes are invited under strict conditions to the Olympic Winter Games PyeongChang 2018. According to the IOC , Russian athletes will instead compete as "Olympic Athlete from Russia (OAR)", under the Olympic flag.

Time's 'Person of the Year' shortlist includes Trump, Mueller, Kaepernick
Among those named is President Donald Trump , who was awarded the title past year . Xi Jinping , China's president, wielding historic power in the Communist regime.

Australia's competition watchdog wants to see if tech is destroying journalism
Google, however, refused to divulge its market share in Australia. A preliminary report will be prepared by December 2018.

Head To Mercury In The Destiny 2
The sequel retained a majority of what made the first game such a big hit while eliminating the elements that turned players off. At long last, Destiny 2 joins the growing list of games that are Xbox One X enhanced as of today .