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Added on the 10/11/2015 17:33:51 - Copyright : Zoomin EN
The multinational technology company Apple has been ordered to repay up to 13 billion euros ($14.5 billion) in tax benefits back to the Republic of Ireland due to an "illegal" breach of EU state aid rules, confirmed European Commissioner for Competition Margrethe Vestager from Brussels, Tuesday.
EU antitrust regulators order Apple to pay up to 13 billion euros in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid. Rough Cut (no reporter narration).
New York City, Jan 28 (EFE/EPA).- US Representatives Alexandria Ocasio-Cortez and Jamaal Bowman Thursday led a rally in the New York neighborhood of Bronx, calling for the introduction of a legislative package to collect $50 billion of state tax from wealthy people in the state of New York, which is an economic and cultural hub of the United States. (Camera:ALBAY VICARAY).SHOT LIST: US REPRESENTATIVES ALEXANDRIA OCASIO-CORTEZ AND JAMAAL BOWMAN STAGE A RALLY IN THE BRONX, NEW YORK CITY, NEW YORK, US. SOUND BITES: US REPRESENTATIVES ALEXANDRIA OCASIO-CORTEZ AND JAMAAL BOWMAN (IN ENGLISH).
On Saturday, Netflix said it would declare more than $1.3 billion in UK revenue. The news is likely to put pressure on other tech giants like Amazon and Google many of which use tax jurisdictions to their favor. Business Insider reports Netflix has about 50 productions based in the UK, including "The Crown" and "The Witcher." Variety reports Netflix is planning to double UK spending.
In 2017, then-Governor of Wisconsin Scott Walker made great fanfare of the arrival of Apple's biggest supplier, Foxconn. Foxconn had agreed to build a facility to manufacture large-screen TV displays and create 13,000 jobs. In exchange, Wisconsin would offer an enticing series of tax breaks, totaling $4 billion. Now, Business Insider reports the Wisconsin Economic Development Corporation has rejected Foxconn's application for tax subsidies. Business Insider reports Foxconn had to have at least 520 people under employment by the end of 2019 to receive the subsidies. Foxconn claimed to have hired 550 people, but Wisconsin says only 281 of them met the qualifications listed in the contract.
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