I’m about to embark on a journey that’ll lead me to my very own pot of gold. I’ve followed similar paths before and the pots keep getting bigger and bigger.
No, I haven’t lost my mind and eaten too many bowls of Lucky Charms. I’m just extremely excited for the outcome of Apple’s (AAPL) big Irish tax issue that’s recently surfaced with the EU.
This $14.6 billion deal will have huge financial implications for investors whether Apple wins or loses.
I’ve been down this path before, and that’s why I’m so eager to take you with me so you can get your very own pot of gold…
Apple has been making all the headlines lately for a court case that involves the taxes they’ve been paying (or not paying) in Ireland.
The EU has slapped Apple with a $14.6 billion tax bill due to claims that Apple has been avoiding paying the full amount of its taxes in Ireland.
According to European law, EU states can set their own corporate tax. Ireland’s is a minute 12.5%, which explains why a lot of companies base their global headquarters there.
So, where is this $14.6 billion figure coming from?
Apple paid a miniscule 0.005% in taxes to the Irish government. That’s a mere $50 out of every million that was sold in iPhones, iPads, and Macs outside America.
This doesn’t coincide with the 12.5% Irish Corporate tax at all. That’s because Apple legally split their profit destinations into two separate entities.
One half of Apple’s profits went to their Irish based branch, and the other half went to one of Apple’s head offices that only existed on paper.
Per Irish law, the profits that went to this office were deemed tax-free because it was considered a “stateless” company.
The EU is claiming that Ireland helped Apple artificially lower its taxes for the past few decades, but there’s a big chance that Apple will get away with not paying back a dime.
Apple has the backing of the Irish government who also plan to dispute the tax bill in court. Ireland recognizes that the success of this fine could hurt their economy as American businesses may turn elsewhere.
The U.S. treasury is also backing Apple in this case as they state that a hit to Apple this big will hurt the American company.
When massive issues like this arise, it always affects investors in big ways. Those investors that are savvy to the ups and downs of the market can make profits either way the rulings go.
That’s why I’m so excited to share this opportunity with you. You’ll be able to see first-hand that there’s money to made in any type of market.
Apple stock is currently less than $1 away from reaching a new 52-week high. The final ruling of this tax bill will have a big influence on the price of the stock one way or another according to the decision.
Your pot of gold is patiently waiting for you. Keep a close eye on the news surrounding this issue, and keep Apple stock in mind during the final rulings.
If the movement in Apple stock is significant enough, and we elect to recommend it, there’s a chance that it could end up on our long list of Midas Wave Alert winners very soon.
