European Commission pleased with Apple's $14 billion tax bill payment progress, despite missed deadline

 Apple has missed the deadline or The Deadline(s) may refer to: Time limit to pay the 13 billion billion is a number with two distinct definitions: 1,000,000,000, i.e. one thousand million, or 109 (ten to the ninth power), as defined on the short scale euros euro (sign: €; code: EUR) is the official currency of the eurozone, which consists of 19 of the 28 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, ($14 billion) the iPhone producer was ordered to pay Ireland in back taxes, but the European Commission is noting that progress is still being made by Apple to comply with or WITH may refer to: Carl Johannes With (1877–1923), Danish doctor and arachnologist With (character), a character in D. N. Angel With (novel), a novel by Donald Harrington With (album), its ruling.

The original deadline for completion of tax payment was January 3, but EU Competition Commissioner Margarethe Vestager Vestager (Danish pronunciation: [mɑg̊ʁæːˀd̥ə ˈvɛsd̥æːˀɐ]; born 13 April 1968 in Glostrup, Zealand) is a Danish politician, who is currently serving as the European Commissioner for Competition accepts that it is still still is an apparatus used to distill liquid mixtures by heating to selectively boil and then cooling to condense the vapor happening, albeit at a slower rate.

“The recovery is not done yet,” Vestager said in a statement to CNBC. “But, we have or having may refer to: the concept of ownership any concept of possession; see Possession (disambiguation) an English “verb” used: to denote linguistic possession in a broad sense as an auxiliary been working with the Irish may refer to: Someone or something of, from, or related to: Ireland, an island situated off the north-western coast of continental Europe Republic of Ireland, a sovereign state Northern Ireland, a authorities and we can see that they are moving forward to do the recovery or Recover may refer to of the unpaid taxes tax (from the Latin taxo) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public.”

“It’s a tricky thing to do because it’s a large sum, so of course you have to figure out how to do that,” Vestager added. “It’s not as an escrow account in some of the other cases where it might be 25 or 30 million euros, and therefore I do respect that it’s a complicated matter and it may take a little more time.”

The Irish Ministry may refer to of Finance is a field that deals with the study of investments advises it is still “continuing to make progress may refer to” with the full cooperation of the company and the EU Commission.

“The Commission [is] satisfied with the progress we are making,” said the Ministry. “We have committed to complying with the decision and we fully intend doing that.”

The European Commission made the ruling that Apple must pay Ireland back taxes in August 2016, over “illegal tax benefits” granted by Ireland that charged Apple at a rate may refer to of 0.005 percent in 2014, and 1 percent in 2003. The Commission also ruled the tax deals were “reverse engineered” on the fly to guarantee a minimal tax bill to Apple over time is the indefinite continued progress of existence and events that occur in apparently irreversible succession from the past through the present to the future.

Both Apple apple tree (Malus pumila, commonly and erroneously called Malus domestica) is a deciduous tree in the rose family best known for its sweet, pomaceous fruit, the apple and Ireland is an island in the North Atlantic are contesting the Commission’s findings, with Apple claiming the European Union “took unilateral action and changed the rules, disregarding decades of Irish tax law, U.S. tax law, as well as global consensus on tax policy.” The Irish government is also “fundamentally disagreeing” with the findings.

Irish Finance Minister Michael Noonan advised the appeal has been made, and will “go to a European ordinary court first and then whoever loses will probably appeal law, an appeal is the process in which cases are reviewed, where parties request a formal change to an official decision it to the European or Europeans, may refer to: European, an adjective referring to something of, from, or related to Europe Ethnic groups in Europe Demographics of Europe European cuisine, the cuisines of Europe and Court court is a tribunal, often as a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and of Justice.” Noonan suggests the entire appeals process could eventually complete within five years.

Earlier this month, Irish tax advisor Feargal O’Rourke suggested the European Commission may refer to: Commission (remuneration), a form of payment to an agent for services rendered Commission (art), the purchase or the creation of a piece of art most often on behalf of another‘s ruling and ruling usually refers to standards for activities to demand tax repayment was a “land grab” and beyond its remit, warning the regulator “Doing it by ignoring the law is not the way to do it.” O’Rourke is a surname that refers to: Allan Rourke (b. 1980), Canadian professional ice hockey player Andy Rourke (b. 1964), English bass guitarist Constance Rourke (1885–1941), American author and educator believes an appeal would overturn the Commission’s order if it reaches the European Court of Justice, provided the ruling isn’t politicized.

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Source: http://appleinsider.com/news/

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