Emmanuel Macron Says its Crazy That Apple Gets Tax Haven

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Apple with bags of money

French President Emmanuel Macron says it’s crazy that companies like Amazon, Apple, Facebook, and Google get a “permanent tax haven status.”

The reference to ‘tax haven status’ relates to practices used by Apple and others to funnel profits on European sales through Ireland, and then to claim large deductions for R&D costs incurred in the US. There have also been accusations that Apple assigns most of its European profits to a subsidiary which exists only on paper and which pays no taxes anywhere.

You Could Get a TurboTax Refund if you Make Under $34,000

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If you make less than US$34,000 per year, you could get a TurboTax refund if the company made you pay them when you filed your taxes.

If you are one of the millions of Americans who made under $34,000 last year, you should have been able to use a free version of TurboTax. If TurboTax directed you to a paid version, it’s worth giving the company a call.

“I called today and they are issuing a refund on my credit card,” one reader said. “I just had to mention ProPublica.”

Thanks to lobbying by corporations like TurboTax, the IRS doesn’t do our taxes for us like other countries.

Apple Offers $9.7 Million to Cupertino for Transportation

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After the city of Cupertino agreed to hold changes to a business tax that would have cost Apple over US$9 million, the company has offered US$9.7 million on five transportation projects for cyclers and pedestrians.

[Last year’s proposal] would have generated $10 million in annual revenue, most which would have come from Apple, the city’s largest employer with 24,000 workers…The city decided to postpone a ballot measure to change the business tax until 2020, giving them time to work with Apple and other businesses on private funding to relieve commuter traffic. City staff have been meeting with Apple representatives once every two weeks since October.

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· · TMO Deals

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Did You Know the IRS Offers Free Tax Filing?

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Private tax companies don’t want you to know this, but if your income is below US$66,000 the IRS offers free tax filing software. If your income is above US$66,000 you can still file for free, but you’ll have to do it manually with fillable forms. However, thanks to the long government shutdown this year, tax returns will end up being late.

Deep Dive on Apple's Tax Announcement, Jeff and Bryan Hypocrisy, and Apple Security - ACM 445

· · Apple Context Machine Podcast

Apple Context Machine Logo

Apple made some major announcements about taxes, investments, and the company’s five year plan for contributions to the U.S. economy, and Bryan and Jeff take  a deep dive into what it all means. They also examine their own potential for hypocrisy in criticizing Apple’s smarthome strategy. The cap the show with a listener comment about the Mac App Store security bug.

The Telegraph Slams EU's Campaign Against Apple and Ireland Taxation

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The Daily Telegraph of London published a scathing condemnation of the European Union’s accusation that Ireland is giving Apple illegal state aid. The editorial breaks down the case against Ireland and Apple, characterizing the legal principles to be in violation of the EU’s own principles. Bryan Chaffin explains the whats and whos.