First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

We'd like our readers to start paying for Daily Maverick

More specifically, we'd like those who can afford to pay to start paying. What it comes down to is whether or not you value Daily Maverick. Think of us in terms of your daily cappuccino from your favourite coffee shop. It costs around R35. That’s R1,050 per month on frothy milk. Don’t get us wrong, we’re almost exclusively fuelled by coffee. BUT maybe R200 of that R1,050 could go to the journalism that’s fighting for the country?

We don’t dictate how much we’d like our readers to contribute. After all, how much you value our work is subjective (and frankly, every amount helps). At R200, you get it back in Uber Eats and ride vouchers every month, but that’s just a suggestion. A little less than a week’s worth of cappuccinos.

We can't survive on hope and our own determination. Our country is going to be considerably worse off if we don’t have a strong, sustainable news media. If you’re rejigging your budgets, and it comes to choosing between frothy milk and Daily Maverick, we hope you might reconsider that cappuccino.

We need your help. And we’re not ashamed to ask for it.

Our mission is to Defend Truth. Join Maverick Insider.

Support Daily Maverick→
Payment options

EU ruling expected Tuesday on possible fines for Apple:...



EU ruling expected Tuesday on possible fines for Apple: sources

30 Aug 2016 0

The EU is expected to announce on Tuesday its decision on possible fines against American tech giant Apple, which is suspected of receiving preferential treatment from Ireland on taxes, sources said. 

For weeks reports have emerged saying that the European Commission, the bloc’s competition watchdog, was gearing up to hit Apple with a hefty penalty over tax agreements with the Irish government.

A source close to the matter told AFP on condition of anonymity that a decision was expected on Tuesday, while another source also cited that date. 

Under European Union rules, which deem state tax aid illegal, the firm could be ordered to pay back taxes to Ireland. 

A commission spokeswoman and Apple both declined to comment on news that a decision was forthcoming.

Apple CEO Tim Cook, in a Washington Post interview published August 13, said he hoped to “get a fair hearing” on the matter.

“If we don’t, then we would obviously appeal it,” he added. 

The US stepped up its fight last Wednesday against the commission’s crackdown on tax avoidance by Apple and other multinational companies, accusing it of unilateralism and overstepping its mandate.

In a white paper, the US Treasury said the commission probe into alleged special tax treatment that certain EU countries gave Apple, Amazon, Starbucks and Fiat Chrysler “undermines the international tax system.”

– ‘Defend our reputation’ -A US Treasury spokeswoman declined to comment on a possible ruling Tuesday from the commission.

The US has acknowledged the problems around the issue of multinational firms obtaining state aid, in the form of secret and extremely lucrative tax breaks, from Ireland, Belgium and Luxembourg for setting up business in those countries.

But it said those deals were made under international treaties and accepted tax practices. The Treasury accused the commission in the white paper of taking a “new approach” to established EU tax law in challenging member states’ legal tax breaks offered to multinational firms.

Last week the commission denied it was targeting US companies in particular and said that EU rules do not allow national tax authorities to give tax breaks to some companies that are not available to others.

If such breaks are ruled illegal, the benefits from them have to be repaid.

“This is a standard feature of EU state aid rules,” the commission’s statement said.

Ireland has stood by its actions, with Junior finance minister Eoghan Murphy saying Sunday: “We don’t believe we gave any state aid to Apple”.

He reiterated the government’s stance that it would appeal any decision that found against Ireland in the matter.

“It’s in the national interest that we defend our international reputation in this regard,” he said in the comments on RTE, the national broadcaster.


© 1994-2016 Agence France-Presse


Please peer review 3 community comments before your comment can be posted