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Apple Receives $14B Tax Order From EURecently, Apple received an order from the European Union to pay 13 billion euros ($14 billion) in back taxes. And then, the tech giant launched a legal challenge against the 2016 ruling. Moreover, the U.S. company cited that the executing European Commission is using its authority to fight state aid to retrofit changes to national law. In effect, trying to alter the international tax system, and it is starting to create legal uncertainty for businesses. The six-strong delegation to the court, led by Chief Financial Officer Luca Maestri, will have five judges. And they will hear the arguments of both sides, as well as Ireland, Poland, Luxembourg, and the EFTA Surveillance Authority, over two days. Daniel Beard, a lawyer of Apple, stated that the Commission wanted the iPhone maker firm to attribute all of its profits from all its sales outside America. And put it in the two branches in Ireland. “The activities of these two branches in Ireland simply could not be responsible for generating almost all of Apple’s profits outside the Americas,” he said. Apple Vs. EU Furthermore, the Commission cited in its decision about the 0.005% tax rate paid by the main Irish unit of Apple in 2014. However, Beard quickly dismissed the criticism by saying the regulator was just probing for headlines by quoting tiny numbers. As of now, the tech giant pays a global tax rate of 26%. And it is the largest taxpayer around the world. Its payment hits 20 billion euros in U.S. taxes on the same profits that the Commission said should have been taxed in Ireland. Aside from that, Apple expects revenue to hit $61 to 64 billion in its current financial quarter. And for its gross margin, it is anticipating for 37.55 to 38.5% On the other hand, Ireland is also challenging the Commission’s decision.
NASDAQ:AAPL
by Financebroker
“EuroStoxx: going up as expected" by ThinkingAntsOk4H Vision Explanation: - Price broke the Descending Trendline and started its up move. - Price reached our first target at the Resistance Zone . - Price has potential to move up towards our main target at the Major Resistance Zone . - However, the Bearish Divergence could be indicating a pullback to the Support Zone before going up. Take a look at our Weekly and Daily Analysis! Weekly Vision: Daily Vision: Updates coming soon!
OANDA:EU50EURLong
by ThinkingAntsOk
FX Day Trading | GBPUSD BUY PositionAhead of the Parlement decision and debate today, the market has recovered to the level 1.2261 where I believe the uptrend will be extended till the final vote outcome been released, much such as in the event where no confident motion was voted for against the previous government, at the time where Theresa May have been a PM. except for this time, the motion isn't a no-confidence motion and it is more of stoping a no-deal scenario whereas in case the motion passed by majority may signal a possible general election as been said by the former PM Boris johnson.
Long
by Lahcenel
Spanish IBEX Head and ShouldersAlready outlined on how central banks will HAVE to keep stocks propped up. This is due to pensions and also the fact that central banks have forced money into stocks as yields were suppressed. A decade ago, you could retire with 1,000,000 and buy government bonds yielding 6-8% making 60,000-80,000 a year...enough to live off of in retirement. Now a days, you would make less than 30,000. In fact, bonds are now being used to trade rather than for yields! Pensions funds are heavy in bonds and fixed income. They are not making the 8% required per year. In Canada, or pension funds have had to go into stocks and real estate. American social security is still 100% in fixed income... Now, in some places, even real estate cannot be purchased for 1,000,000 meaning stocks are the only place to go for yield! There is nowhere else to go. Plus, stocks can be liquidated quickly which is important in this environment. Expect central banks to prop stocks up because they have to in order to keep system propped up. Yes, a geopolitical situation can change this. Watch China for this. But you need to remember, central banks will keep stocks up. Cutting rates means you can only go to stocks for yield. Stimulus will also be reintroduced (very soon imo) but cannot be called QE. When stimulus comes back online there will be a CONFIDENCE CRISIS as people realize we are in 0 rates and fake/managed markets for life. Check my other posts on these topics.
FOREXCOM:ESP35Long
by Uncharted-FX
FTSE 2 hour ideaSimilar to my Dax idea just posted, a lot of world equities are bouncing...remember central banks can still cut rates and do QE/stimulus which means there will be nowhere to go for yield except the stock markets. The party might not just be over yet. Similar description to the FTSE as with the DAX, a prolonged downtrend and basing at a support zone. We had a wedge and broke above the resistance zone and even the previous lower high swing. 7375 zone is a flip zone you should watch and then 7575 above.
OANDA:UK100GBPLong
by Uncharted-FX
German Dax 2 hour set upBeen in a prolonged downtrend on the German Dax...world equities really, and it seems we began to bottom out here. We stopped making lower highs and lower lows. We hit a support one and from there have gained some bids. Seems we got what appears to be a wedge/triangle break above a resistance zone on the 2 hour followed by higher highs and higher lows. A good risk vs reward trade. Watching the 11920 zone as an interim target, and another zone at 12050 zone. I still think central banks can cut rates and go back to QE/stimulus so markets can still remain propped...wall street can keep the party going a little longer.
OANDA:DE30EURLong
by Uncharted-FX
EURNZD Hi Traders This is my idea about Euro/New Zealand Dollar all things clear in chart . Wait for price to reach 1.7300 . Enter Point : 1.7280 - 1.7320 ( Short ) Target : 1.70 Stop loss : Breaking 1.73 Zone Completely ( Not only Shadow or Fake break ) *Please consider Money Management and Risk Management and follow your rules . this is only my opinion. if you have any question you can ask it in comment . If this analysis was helpful to you please Like & Follow. Join my Telegram Channel for more signals and analysis : t.me
Short
by Naiem_ab
Euro Stoxx BreakdownEuro Stoxx Index is also showing signs similar to my CAC40 idea (link below). Again, be wary with the Fed tomorrow. Cutting rates, and future rate cuts, means that there will be nowhere to go for yield other than the stock market. Central banks are attempting to keep stocks propped. This is their new mandate: to keep assets propped. You can see a some what of a double top as Euro Stoxx tried to break out. Failed to and you can see the long wick and large engulfing red candle. We then created a lower high and have broken below a support/ flip zone. A strong break as well. Looking to the flip zone at the 3415 zone...although be wary of 3437 too. Would expect one more lower high swing.
TVC:SX5EShort
by Uncharted-FX