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  #141  
Old 02.09.2016, 19:07
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Re: Apple faces huge bill from EU

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Because that requires sending the shares or certificates back to Apple Inc. or to their depositary, both in the US, which means repatriation. Same applies if cash is to be used for dividends or similar.

The Par value of the shares are $0.00001, I am not sure that they were ever exported in the first place, so I don't see how it would mean the money was repatriated. Especially at the shares are being cancelled so no longer exist. They probably never existed as certificates either......
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  #142  
Old 03.09.2016, 21:34
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Re: Apple faces huge bill from EU

Yesterdays news, but still:

http://www.bbc.com/news/business-37259278
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  #143  
Old 17.09.2016, 21:08
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Re: Apple faces huge bill from EU

Surprised no one has posted this yet :

http://www.independent.co.uk/news/bu...-a7311036.html

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Itís actually hard to sympathise with either side in this case. What banks were doing prior to the 2008 collapse was disgusting. We are still dealing with the fallout.

At the same time, US regulators sometimes seem to pluck figures out of the air because they can and because, when all is said and done, no bank has yet dared to actually take a case to court.

Moreover, there is a certain suspicion that this particular figure is not unrelated to the Ä13bn (£11bn) the EU wants Apple to pay in back taxes.
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  #144  
Old 18.09.2016, 17:22
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Re: Apple faces huge bill from EU

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Surprised no one has posted this yet :

http://www.independent.co.uk/news/bu...-a7311036.html
One major issues from a German POV is that this fine alone is about 25% of Deutsche's shareholder equity. If they had to pay that much it would push equity ratio close to 2%, making the bank even more hazarduous than it is already. Even without the fine DB is among the worst capitalized European banks already.
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