Apple to cough up some tax
 

Re: Apple to cough up some tax
 

Won't hold my breath on hmrc getting anything more then a good lunch.

Re: Apple to cough up some tax
 

Yes its a drop in that big wide ocean out there sadly.

Re: Apple to cough up some tax
 

I heard that Apple could give everyone on the planet $20, and buy Tesco, Sainsbury's, Asda and M&S, and still be one of the richest companies in the world.

Re: Apple to cough up some tax
 

Who did you "hear" this from?

Re: Apple to cough up some tax
 

Well, Apple has over $200 billion in cash reserves, and has a market capitalisation of $591.6 billion, so it sounds quite feasible...

7 billion people times $20 = $140 billion, Tesco market cap of £12 billion ($18 billion), Sainsburys market cap of £5 billion ($7.5 billion), M&S market cap of £7.5 billion ($11.25 billion), which adds up to around $177 billion.

Asda are part of Walmart, so difficult to get a market cap for them, but if we put it between Morrisons of £3.4 billion and Sainsburys £5 billion, so make it £4 billion, or $6 billion, makes a total of $183 billion - gives them some loose change from their cash reserves of around $17 billion...

Re: Apple to cough up some tax
 

WTF LOLOLOL, Samsung paid less tax than Apple, Google Andriod paid less tax than Apple, I mean we could just mention a thousand company's lol.

Re: Apple to cough up some tax
 

Apple could buy so many companies just with their cash reserves. It makes me wonder why they didn't buy Spotify rather than try to make their own streaming service based on the Beats platform. Hell Apple could buy Disney at this point.

Re: Apple to cough up some tax
 

This is where it feels like HMRC are a little toothless. If you or I joined a tax avoidance scheme, they would be on us like flies on a pile of sugar..

Yet, when any multi national corporation sets up what is obviously a tax-avoidance scheme, they seem to spend years investigating then do very little.. http://www.independent.co.uk/news/bu...m-8794169.html

Re: Apple to cough up some tax
 

Well the likes of Apple, Amazon, Google, Microsoft have access to the best lawyers and accountants in the business as well as being able to exploit complex international tax law. The larger the corporations, the greater the leverage they have and the harder it is to nail them down. It's taken years for the Italians to get this far.

HMRC on the other hand...

Re: Apple to cough up some tax
 

They would rather go after Joe public as we don't have $200,000 per hour lawyers, on speed dial.

Re: Apple to cough up some tax
 

Who uses $200,000 per hour lawyers ?

Re: Apple to cough up some tax
 

Maybe a week but certainly not a hour.

Re: Apple to cough up some tax
 

Our friend is a tax partner in at one of the Big Four accountancy firms, and the most his company has paid is £1,000 per hour (which isn't cheap) for a QC who specialises in tax cases.

Re: Apple to cough up some tax
 

http://www.bbc.co.uk/news/business-37226101

I wonder if any of the Apple owning, Starbuck boycotting brigade will do likewise to the supplier of their much loved devices or whether their retaliation, on moral grounds, against the American coffee giant was more down to the inevitable presence of Costa outlets within a stone's throw than anything else.