Tag - Europe
Following a meeting by Apple CEO Tim Cook with the head of the antitrust investigation against Ireland on behalf of the European Commission, Apple's CFO has told London's Financial Times that should Ireland be found guilty of giving companies like Apple "special state aid," Apple should owe nothing in back taxes. The crux of remarks by Luca Maestri is that Apple did not receive any special deal from Ireland, but if Ireland illegally lowered its tax rate to benefit corporations, it is the state -- and not the companies that benefitted from the lower rate -- that should pay any penalties.
Apple has received some unexpected support from the outspoken Mayor of London, concerning its European tax investigation. Mayor Boris Johnson wrote in defense of Apple's attempts to pay as little tax as possible on its European earnings, suggesting it is only following the rules of the tax systems across the continent to its advantage, and that the European Commission shouldn't be trying to fix something that the Irish government intended to happen.
Apple CEO Tim Cook has spent the past couple of days in Europe, where he met with the head of the European Commission's antitrust division as well as Pope Francis at the Vatican in a brief private meeting. On Thursday, Cook met with Margrethe Vestager, the antitrust chief, presumably to reiterate the company's innocence in the Irish tax scandal that could conceivably result in Apple owing billions in back taxes, despite the fact that Ireland's politicians appear to be the guilty party. Cook also met with some Italian developers as Apple opened a new development center in the country.
Apple may end up paying out billions to regulators in Europe, according to analysts looking at a regulatory investigation into the company's tax affairs. Depending on how much it decides to punish Apple, the European Commission's investigation into tax avoidance practices allegedly used by Apple, which involved ferrying taxable funds through various subsidiaries to minimize payable tax, could end up charging over $8 billion in owed taxes.
[Updated with Apple denial] Apple may be creating a tool to allow its users to migrate their data from an iPhone to an Android device, according to a report. It is claimed major European carriers are applying pressure on Apple to make it easier to move away from iOS and onto a smartphone running Android, with the reasoning behind its development apparently a combination of the iPhone's dominance in the smartphone market and the difficulty of transferring data between devices.
On a European tour ostensibly to promote the new iPad Pro, Apple CEO Tim Cook has had a variety of meetings -- ranging from his usual unannounced appearances at Apple Stores to meeting with the finance chief of the UK to a speech to students at an Italian university. With the UK's Chancellor of the Exchequer George Osborne, Cook wanted the government to help speed up adoption of mobile payments; in various UK newspaper interviews, he hinted at further health products, and in Italy, he waxed reminiscent on his own schooldays.
An investigation into the tax-related finances of Apple in Europe will be completed by the end of this year, according to Ireland's finance minister. Michael Noon advised earlier today that the investigation by European Union regulators into whether or not Apple and other major multinational companies have benefited from using "illegal tax sweeteners" on the continent will be ruled upon in the coming weeks, one that could potentially cost companies millions.
The European Union's crusade against roaming charges has received crucial support from the European Parliament, after being given the all-clear, at the same time as new net neutrality measures. Proposals to scrap roaming charges completely across the continent have been approved by Members of the European Parliament (MEPs) in a vote, and though they won't be removed completely until mid-2017, consumers in the region can expect to start feeling the effects of changes in the law from April next year.
The retail launch of the iPhone 6s and the iPhone 6s Plus has reached Europe, as its makes its way around the world. Customers in the United Kingdom, Germany, and France were able to pick up their new smartphones at Apple stores, carrier stores, and other authorized resellers in the last few hours, with the new iPhones now on sale on sale in the majority of the 12 launch countries, leaving Canada, Puerto Rico, and the United States until last.
A new joint venture between Deutsche Telekom and UK satellite company Inmarsat will allow passengers in flights across Europe to access the Internet in the future. The European Aviation Network promises to provide high speed Internet access during flights, using a combination of LTE-based connections from the ground and a network of satellites, similar to GoGo's existing service operating in the United States.