Reply to post: Re: For my downvoters

Cooky crumbles: Apple mulls yanking profits out of Europe and into US

Charlie Clark Silver badge

Re: For my downvoters

Still anonymous we see. Could be any of the many clueless wankers out there.

By doing so, the commission risks undermining the important work carried out within the Organisation for Economic Co‑operation and Development (OECD) through its “Base Erosion and Profit Shifting” (BEPS) project.

This is probably the weakest argument of all that have been presented. Only by aggressively going after the various wheezes is the commission going to get the proper attention of the US and any kind meaningful deal with BEPS. The lobbyists, to which illustrious group Kroes returned after her time in the commission, have been busy watering down the proposals since they were first made.

This is similar to when the US decided to go after Switzerland, where coincidentally I think Apple did its amusing bond issue for share buybacks because to do so with cash would have required repatriation and paying tax, about money laundering that convinced the Swiss government that international banking licences were worth more that banking secrecy.

There is definitely scope for negotiation over the total amount to be paid and that's where Apple and the Irish government should be focussing their energies.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019