Apple, Google Fight Back on European Tax Regimes

Silicon Valley tech-giants Apple and Google have decided to fight back in the row over tax regimes in Europe, saying that they are being unfairly targeted. While Apple has said that it should pay nothing over Brussels’ investigation into its alleged sweetheart tax deals in Ireland, Google has also defended its £130m settlement with British tax authorities in a letter to the Financial Times.

The interventions came as David Cameron, UK prime minister, tackled tough questions about the Google tax deal in parliament. Opposition leader Jeremy Corbyn asked: “Why is there one rule for big multinational companies and another for ordinary, small businesses and self-employed workers?”

Silicon Valley groups and US business leaders are stepping up their lobbying campaign in Washington, arguing that European authorities are discriminating against multinationals.

Recently, a group of US senators has also said that any fines imposed on companies like Apple amount to discriminatory taxation. Meanwhile, Google’s European public affairs chief Peter Barron has said, “Governments make tax law, the tax authorities independently enforce the law and Google complies with the law”.

Mr. Barron also argued that media criticism of Google’s settlement overlooked international tax rules and how they work. They company was paying the amount of tax that HMRC agrees it should pay, following a six year audit of its practices.

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  • m Arch Tom’s on Bar N Ass

    the matter is quite simple to understand instead, amongst few conditions required to trade or operate in EU ( and in each and every member state ), in particular when targeting consumers, there is such a FINANCIAL CAPACITY that all of US want companies and trades to state and support ( or prove ). in brief ” companies directors or administration legal reps. either have the money, and enough money, and are willing to pay ( i.e: ” assets “, costs, expenses, taxes ) or companies directors / administration legal reps., make something else of their own lives, ( i.e: ” go and get a job in a factory plant as a worker ” ). In addition, we also allow/permit several taxation regime options such as Non Profit Organizations tax regime, that is a lot more convenient tax-wise.

    NOTE: Civil responsibilities, finance responsibilities , Fiscal/tax responsibilities, Legal responsibilities, Social responsibilities are all enforced to and mandatory for companies of any size incl. and with no limitation to multi-nationals. DRAFT