World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Yesterday, Outraged by Apple’s Tax Dodge. Today, by Its Tax Bill.
Rappaport of the NYT asks how it is possible that the U.S. Treasury is critical of the EU Commission's ruling that Apple pay back $13 billion in taxes because of its low tax rate of .005% in Europe, when Treasury is strongly critical of tax avoidance. The negligible tax by Ireland, base of Apple operations, is seen as a state subsidy not available to competitors. It also, as the EU Commission says, does not correspond to economic reality because the revenues are mostly made outside Ireland. An arrangement that is basically a strategy of tax avoidance. Today the leading candidates for president, Trump and Clinton, the major parties, and Congress, all are critical of tax avoidance strategies which deprive Treasury of much needed revenues. Restoring upward mobility is a priority today and programs to provide tution free access to public colleges, healthcare access, and infrastructure development, require public funding. Then why is the U.S.Treasury critical of the EU ruling? It is because Treasury sees this as money that should be coming to Treasury not the EU. However Treasury has failed to make this clear. The Financial Accountability and Corporate Transparency Coalition's Clark Gascoigne, calls it very ironic. And other experts say the money would not be coming to the U.S. anyway unless a low tax rate induces Apple to repatriate profits to the U.S. One expert calls it hypocritical. Senator Schumer says he agrees with Paul Ryan that tax legislation for a low tax rate for repatriation of profits back to the U.S. should be the next step, so that an infrastructure fund can be setup. Senator Levin and transparency advocates sees the EU action as normal and to be expected, as the anti-establishment sentiment today comes from such dealings that create the impression that the system is rigged in favor of some corporations.
Apple's cash holdings in foreign countries and in offshore tax havens
10/28/2010
Grouped Articles
Apple Avoided Taxes on Overseas Billions, Senate Panel Finds
Wall Street Journal 05/21/2013
Appleâs Web of Tax Shelters Saved It Billions, Panel Finds
New York Times 05/20/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Wall Street Journal 05/22/2013
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
Apple's low taxes using its base in Ireland
09/30/2014
Grouped Articles
Europeans Accuse Ireland of Giving Apple Illegal Tax Break
New York Times 09/30/2014
Ireland to Phase Out ‘Double Irish’ Tax Break Used by Tech Giants
New York Times 10/14/2014
Apple should repay Ireland 13bn euros, European Commission rules - BBC News
BBC News 08/30/2016
Apple must now pay its taxes. This is a vindication of protest | Owen Jones
The Guardian 08/30/2016
Apple ordered to pay up to €13bn after EU rules Ireland broke state aid laws
The Guardian 08/30/2016
Apple owes $14.5 billion in back taxes, European authorities say
Washington Post 08/30/2016
The European Union Commission's ruling that Ireland must recover 13 billon in back taxes from Apple following Apple's astonishingly low tax rate of .005% for 2013 in Europe
08/30/2016
Grouped Articles
Apple should repay Ireland 13bn euros, European Commission rules - BBC News
BBC News 08/30/2016
Apple must now pay its taxes. This is a vindication of protest | Owen Jones
The Guardian 08/30/2016
Apple ordered to pay up to €13bn after EU rules Ireland broke state aid laws
The Guardian 08/30/2016
Apple owes $14.5 billion in back taxes, European authorities say
Washington Post 08/30/2016
Why U.S. taxpayers may pay most of the bill for Apple’s $14.5 billion tax judgment
Washington Post 08/30/2016
EU’s Apple Tax Hit: Ire In Ireland, Confusion Elsewhere
WSJ 08/30/2016
Google's U.S. federal tax liability of 18%. GE's low tax rate.
10/28/2010
The US tax rate for corporations at 35%, but the $1.5 billion federal tax liability of Google comes to an effective 18% tax rate. GE's consolidated tax rate of 11.6% from 2005 to 2009. This is also true of other large American companies, raising questions of fairness at a time of budget cuts in education, Medicaid and Medicare. Many U.S. companies, such as Apple, also use offshore tax havens to protect profits from taxes.
Grouped Articles
Apple Avoided Taxes on Overseas Billions, Senate Panel Finds
Wall Street Journal 05/21/2013
Appleâs Web of Tax Shelters Saved It Billions, Panel Finds
New York Times 05/20/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Wall Street Journal 05/22/2013
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
The Corrosive Effect of Apple’s Tax Avoidance
New York Times 05/23/2013
Apple's image after hearings in Congress on tax avoidance, following criticism for factory conditions in China
10/28/2010
Grouped Articles
Wall Street Journal 05/22/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
Global Firms' Tax Practices Draw U.K. Ire
Wall Street Journal 05/23/2013
New York Times 05/23/2013
Public opinion in Europe on tax avoidance by Apple, Google, and other large digital companies
10/28/2010
Grouped Articles
Global Firms' Tax Practices Draw U.K. Ire
Wall Street Journal 05/23/2013
New York Times 05/23/2013
The Corrosive Effect of Apple’s Tax Avoidance
New York Times 05/23/2013
Apple's tax arrangements: Biting criticism
Economist 05/27/2013
Steven Pearlstein - Google, tax dodger extraordinaire
Washington Post 10/28/2010
How corporate America is losing the debate on taxes
Washington Post 03/05/2014
France challenges Google's tax arrangements in Europe
10/09/2014
Grouped Articles
Google’s Tax Setup Faces French Challenge
Wall Street Journal 10/09/2014
Inside the U.S. Antitrust Probe of Google
Wall Street Journal 03/20/2015
Theresa May Is Poised to Be Britain’s Next Prime Minister
The New York Times 07/11/2016
Apple should repay Ireland 13bn euros, European Commission rules - BBC News
BBC News 08/30/2016
Yesterday, Outraged by Apple’s Tax Dodge. Today, by Its Tax Bill.
The New York Times 08/31/2016
Fact-Checking Apple’s Claims on E.U. Tax Ruling
The New York Times 08/31/2016
Tax avoidance of digital companies and new EU regulations
10/28/2010
Grouped Articles
Wall Street Journal 05/22/2013
Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
Wall Street Journal 05/22/2013
Apple's Tax Strategy Aims at Low-Tax States and Nations
New York Times 04/28/2012
Ireland Defends Tax Laws to Critics at Home and Abroad
New York Times 05/21/2013
Global Firms' Tax Practices Draw U.K. Ire
Wall Street Journal 05/23/2013
The Corrosive Effect of Apple’s Tax Avoidance
New York Times 05/23/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us