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Sep 2, 2016
09/16
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KCSM
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if ireland allows apple to pay a lower tax, it could counter state aid which is illegal in the eu. apple says it paid more tax, the second-largest in ireland. >> the figures that we use in our decision are the figures that we get from apple themselves. and some of the figures back from 2011 come from the u.s. hearings. there are very little, if any figures in the public domain. and our investigation is not in the apple corporation. as such, it is apple international and apple europe. that is were the figures, in some years, .005% of tax rates are accurate. reporter: the commission says the ball is in apple's court. they must pay back taxes or appear in court. cracks that is all the business. back to you, brent. brent: the german chancellor met with women's football team from eight companies. they are in germany where they discovered football festival that aims to bring women together to celebrate their love of the sport. one team is from iran who have had to face more barriers than most to play the game. reporter: the arabian women's squad includes two current national players. it i
if ireland allows apple to pay a lower tax, it could counter state aid which is illegal in the eu. apple says it paid more tax, the second-largest in ireland. >> the figures that we use in our decision are the figures that we get from apple themselves. and some of the figures back from 2011 come from the u.s. hearings. there are very little, if any figures in the public domain. and our investigation is not in the apple corporation. as such, it is apple international and apple europe. that...
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Sep 4, 2016
09/16
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BLOOMBERG
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apple employs 6000 people in ireland. in this week's ruling, the eu commissioner said that ireland allowed apple to pay an effective tax ratehat was down to .5%, which gave apple and unfair vantage. here she is in an interview with bloomberg tuesday. >> the tax rate in ireland is 12.5%. obviously, most companies, they pay corporate tax rate in ireland. they have to look at some companies, in this case, apple, only pay a tiny, tiny fraction of the tax that they pay. that is not fair competition. it is not a level playing field. emily: we also spoke to the irish finance minister and we will bring you his comments in a moment. take a listen with bloomberg litigation specialist matt larson and alex webb on apple's response. >> apple's defense is they have been an island for a long time. this agreement has been in place since 1991. it was always legal. they never lost any legal loopholes. the argument with ireland was such that they were completely on board with the legislation. from also have a letter tim cook to users. i believe it includes steve jobs. >> yes, apple, as ever, they always talk about their customers. not journal
apple employs 6000 people in ireland. in this week's ruling, the eu commissioner said that ireland allowed apple to pay an effective tax ratehat was down to .5%, which gave apple and unfair vantage. here she is in an interview with bloomberg tuesday. >> the tax rate in ireland is 12.5%. obviously, most companies, they pay corporate tax rate in ireland. they have to look at some companies, in this case, apple, only pay a tiny, tiny fraction of the tax that they pay. that is not fair...
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Sep 5, 2016
09/16
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BLOOMBERG
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apple employs 6000 people in ireland. in this week's ruling, the eu commissioner said that ireland allowed apple to pay an effective tax ratef 1% on its profits in 2003, down to .005% in 2014, and that, she said, gave apple an unfair vantage. here she is in an interview with bloomberg tuesday. >> the tax rate in ireland is 12.5% and, obviously, most companies, national or multinational, they pay the corporate tax rate in ireland. and they have to look at some apple, onlyn case pay a tiny, tiny fraction of the taxes than they themselves have to pay, and that is obviously not fair competition. it is not a level playing field. emily: we also spoke to the irish finance minister and we will bring you his comments in a moment. first, take a listen to our conversation with "bloomberg intelligence" litigation specialist matt larson and alex webb on apple's response. >> a lot of people were surprised about the scale of the back payment. apple's defense is they have been in ireland for a long time. this agreement has been in place since 1991. it was always legal. they never used any legal loopholes. the agreement they had with irelan
apple employs 6000 people in ireland. in this week's ruling, the eu commissioner said that ireland allowed apple to pay an effective tax ratef 1% on its profits in 2003, down to .005% in 2014, and that, she said, gave apple an unfair vantage. here she is in an interview with bloomberg tuesday. >> the tax rate in ireland is 12.5% and, obviously, most companies, national or multinational, they pay the corporate tax rate in ireland. and they have to look at some apple, onlyn case pay a tiny,...
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Sep 3, 2016
09/16
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BLOOMBERG
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apple employs 6000 people in ireland. pay ad allowedpple to tax on it european profit then 2013 --2003. that gave apple and unfair to manage. here she is in an interview with bloomberg tuesday. >> the tax rate in ireland is for .5% in most companies -- 12.5%, and most companies, they pay corporate tax rate in ireland. they have to look at some ies penne tiny fraction of the tax that they pay. that is not fair competition. it is not a level playing field. >> we also spoke to the irish finance minister and we will bring you his comments in a moment. take a listen to matt larson and alex webb on apple." 's response. apple defense -- apple's defense, this agreement has been put into place since 1991 and it was all legal. the agreement was above board. >> we got a letter from tim cook. they included the original picture of steve jobs at the ireland factory. >> he opened a 60% plant in court. -- cork. one of --what are the next steps for apple and a legal battle? >> apple and ireland will appeal this decision to the european general court in
apple employs 6000 people in ireland. pay ad allowedpple to tax on it european profit then 2013 --2003. that gave apple and unfair to manage. here she is in an interview with bloomberg tuesday. >> the tax rate in ireland is for .5% in most companies -- 12.5%, and most companies, they pay corporate tax rate in ireland. they have to look at some ies penne tiny fraction of the tax that they pay. that is not fair competition. it is not a level playing field. >> we also spoke to the...
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Sep 7, 2016
09/16
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CNBC
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the watch that will allow them to do a lot more in the fitness world and fitness tracking so i'm looking forward to seeing what happens there today. >> speaking of apple, ireland's prime minister spoke to cnbc about apple's $14.5 million tax bill from the eu. julia is live this morning with more on that story. hey, julia. no sweetheart deal so i said okay then there's other big tech companies obviously operating here. does that mean they all got treated the same? the likes of alphabet, microsoft, facebook? and should we be expecting the european commission to be slapping those guys with with some unpaid tax charges at some point in the future? listen to what he had to say. >> and particularly ireland has been one of the foremost players on the oecd program to deal with this internationally. >> this is a legacy issue now. you have done many measures and enacted many measures to tackle this. why are you concerned that accepting this money now from apple will have an impact on future investment? because it's an old issue. it's an old issue and we can move forward now with future investment. >> first of all, the amount of money involved is quite unprecedented but se
the watch that will allow them to do a lot more in the fitness world and fitness tracking so i'm looking forward to seeing what happens there today. >> speaking of apple, ireland's prime minister spoke to cnbc about apple's $14.5 million tax bill from the eu. julia is live this morning with more on that story. hey, julia. no sweetheart deal so i said okay then there's other big tech companies obviously operating here. does that mean they all got treated the same? the likes of alphabet,...
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Sep 4, 2016
09/16
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CSPAN
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ireland and apple. it's about every sovereign tax authority in europe and they all know it. they have to imagine what the world will look like if this is allowed to continue. so, it's a very serious issue. we are going to have to respond. we do appreciate the administration's strong pushback on this matter. it is very helpful and rare that we are able to work with the administration on a matter like this and we appreciate it. it's a very serious issue. it's not just about apple. it's about precedent, sovereignty of national tax authorities, so we take it very seriously. >> thank you. any other questions? one in the back right there. >> hello. rachel with an side health policy. -- with inside health policy. i'm curious how you see the health sector playing into economic growth over the next year. and i am also curious how the outcome of the presidential and congressional elections will affect how you lobby for the aca changes you want in the next couple of years. mr. foster: the aca and economic growth, let's face it we are facing a situation now where the way the insurance market is responding to the aca and the failure of young healthy people
ireland and apple. it's about every sovereign tax authority in europe and they all know it. they have to imagine what the world will look like if this is allowed to continue. so, it's a very serious issue. we are going to have to respond. we do appreciate the administration's strong pushback on this matter. it is very helpful and rare that we are able to work with the administration on a matter like this and we appreciate it. it's a very serious issue. it's not just about apple. it's about...
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Sep 1, 2016
09/16
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CNBC
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allowed to say the. >> go crazy. >> strong words. good to see he's coming out. not just. >> now it's going to be a legal battle for potentially years. >> we'll wait and see. unfair to ireland more than apple. interesting he was saying as well clearly disagreeing with the verdict. >>> let's move on to other stocks to watch today. sneak prove of what we're going to talk about. sales force.com reporting a rise in revenue. strength in cloud products. salesforce ceo addressing the issue with jim cramer on mad money last night. >> you saw the mna activity that we have done this quarter. that of course has weighted on our numbers and yet of course we are delivering these greater quarterly numbers. number two, we did have the foreign exchange situation that we just talked about and number three, we did see a bit of softness in the united states at the very end of the second quarter. and these three things together is what is giving us an appropriate conservative view for the third and fourth quarter. >> down in the premarket. >> high expectations with this one. i mean, still it's a company posting more than 20% growth. that forecast at the low end of the range, 26% just wasn't good enough for inv
allowed to say the. >> go crazy. >> strong words. good to see he's coming out. not just. >> now it's going to be a legal battle for potentially years. >> we'll wait and see. unfair to ireland more than apple. interesting he was saying as well clearly disagreeing with the verdict. >>> let's move on to other stocks to watch today. sneak prove of what we're going to talk about. sales force.com reporting a rise in revenue. strength in cloud products. salesforce ceo...
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Sep 1, 2016
09/16
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CSPAN2
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ireland and apple. it's about every sovereign tax authority in europe and they all know it and they have to imagine what the world will look like if this is allowed to continue. so, it's a very serious issue. we are going to have to respond. we do appreciate the administrations strong pushback on this matter. is very helpful and rare that we are able to work with the admin's should only matter this and we appreciate it, but it's a very serious issue. it's not just about apple. it's about precedent, sovereignty of national tax authorities, so we take it very seriously. >> any other questions? one in the back right there. >> hello. i'm curious how you see the health sector they see a plane into economic growth over the next year or so and i'm also curious how the outcome of the presidential and congressional elections will affect how you lobby for the aca changes you want in the next couple of years. >> the aca and economic growth, let's face it we are facing a situation now where the way the insurance market is responding to the aca and the failure of young healthy people to sign up leading to losses in insurance and insurance with pride, with ac
ireland and apple. it's about every sovereign tax authority in europe and they all know it and they have to imagine what the world will look like if this is allowed to continue. so, it's a very serious issue. we are going to have to respond. we do appreciate the administrations strong pushback on this matter. is very helpful and rare that we are able to work with the admin's should only matter this and we appreciate it, but it's a very serious issue. it's not just about apple. it's about...