Apple has turned down an invitation to an European Union lawmakers’ hearing, saying it doesn’t want to prejudice its challenge to an EU order to pay up to 13 billion euros (about $18 billion) in back taxes to Ireland, reports Reuters. A European Parliament committee is holding the hearing on tax evasion on June 21.Read More
Tech giants including Apple and Amazon will face rules governing their commercial relations with smaller businesses for the first time under a law proposed by the European Union (EU) , reports Reuters.Read More
The European Commission, Europe’s anti-trust and consumer investigation agency, is set to unveil proposals today for a digital tax on U.S. tech giants such as Apple that could further intensify the trade row pitting the European Union (EU) against President Trump. The EU is a political and economic union of 28 member states that are located primarily in Europe.Read More
European Union (EU) antitrust regulators will sanction Qualcomm for hurting competition by paying Apple to use its chips exclusively, according to the Financial Times (a subscription is required to read the article). Qualcomm paid Apple to buy all of its communication chipsets from 2011 to 2016.Read More
Tax protestors, OS updates, Target apps, and survey results are all in the headlines today's episode of the Apple World Today News Update.
- French anti-globalization protestors occupy a Paris Apple store today demanding that the company pay EU back taxes
- iOS 11.2 and tvOS 11.2 have arrived!
- Target introduces an in-house mobile payment system in its iOS app
- A Barclays survey sounds bullish on Apple
Apple hasn’t fully paid the 13 billion euros ($13.9 billion) it owes to Ireland in illegal tax benefits even though the deadline has passed, the European Union's Competition Commissioner says.Read More
Taxes, talking to your home, and revenue streams are all in today's Apple news:
- US Treasury Secretary Jacob Lew is meeting with the EU's antitrust head to forestall a penalty of Apple on back taxes
- iDevices adds Alexa compatibility to its line of home automation products
- Piper Jaffray analyst Gene Munster thinks the iPhone 7 could be big for Apple
- Apple supplier TSMC reports excellent 2nd quarter revenues and is expected to do even better in the next quarter
U.S. Treasury Secretary Jacob J. Lew will meet with European Union antitrust chief Margrethe Vestager as she prepares to deliver a final verdict on a probe into Apple’s tax affairs in Ireland, reports Bloomberg, quoting two unnamed people “people familiar with the case, who asked not to be identified because the matter is private.”Read More