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DennisMCSE

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So the Falcon 9 exploded yesterday before it even had a chance to launch. That sucks as I'm a big Elon Musk fan. But seems as though he just didn't lose a rocket, he lost $779 Million USD due to the stock drop and other things. $779 million in one day!! Ouch.

http://gizmodo.com/elon-musk-s-bad-day-was-much-worse-than-we-thought-1786094708

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Wobble_Wibble

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Reply with quote  #2 
Apple lost 19 billion euro in taxes and penalties to the Irish government.
They haven't paid the monies yet, it will take years for the court cases to get wound up.
Wonder what the interest earned on 19 billion euro for 5 or 6 years is?

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DennisMCSE

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Quote:
Originally Posted by Wobble_Wibble
Apple lost 19 billion euro in taxes and penalties to the Irish government. They haven't paid the monies yet, it will take years for the court cases to get wound up. Wonder what the interest earned on 19 billion euro for 5 or 6 years is?


Joe, the EU says that Apple owes the Irish government 13 billion Euro's (about $19 Billion CAD). But it looks like the Irish government doesn't want the money and is going to appeal the decision with Apple.

http://www.cbc.ca/news/business/ireland-cabinet-apple-tax-1.3745906


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Wobble_Wibble

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Dennis

They are is a bind.
We were expecting a fine and taxes, maybe 1 billion euro.
The 13 Billion was way way more than expected.

If the government say they take the money, they will have to give some/ lots back, after Apple appeal.
Plus all the companies operating here will run away/ not believe the Irish government.

If they say they don't want the money, they at least look good until either they give the money back (but keep the interest) or we get the money.

To be honest every company with enough money does the same thing in every country. Ireland is seen as a bad guy...
But so is France, Belgium, Netherlands, Italy, Germany to name just a few of the 28 EU countries that all agree to not poke the bear.

Even the US has the same problem, Bermuda / Camden Islands have the same styled tax laws.

Until we have a simplified tax law for every country this problem will exist.
Mark can probably put better words on it than I.

David Mc Williams has some good comments from an Irish perspective.
http://www.davidmcwilliams.ie/2016/09/01/eu-is-a-thing-of-the-past-our-future-is-with-an-atlantic-ireland

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SciResearcher

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He's having a good week this week....his Tesla co just announced a new MODEL S that goes 335 miles on a charge!
But the $98k price tag it has is not worth it for us ole mid class liquid fuel users.

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