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Decision was not aimed against US: Juncker
A man looks at his phone as he walks past an authorized Apple reseller store in Galway Camo Jarran Reed Jersey , Ireland, on August 30. Photo: CFP


An EU ruling that Apple Inc must pay a huge tax bill to Ireland was clearly based on facts and existing rules and was not a decision aimed against the US, European Commission (EC) President Jean-Claude Juncker said on Sunday.


Last week, EU antitrust regulators -ordered Apple to pay up to 13 billion euros ($14.5 billion) in taxes to the Irish -government after ruling that a practice of routing profits through Ireland was illegal state aid.


Apple's Chief Executive Tim Cook last week described the ruling as "total political crap Camo Germain Ifedi Jersey ," but France and Germany have come out to back Brussels on the decision.


Juncker said EC investigations on taxation had mainly targeted European companies.


The decision comes amid a coordinated global initiative to crack down on tax evasion by multinational companies, -spearheaded by the Paris-based Organization for Economic Cooperation and -Development (OECD).


The ruling against the US tech company has pushed the issue into the limelight and raised the risk of significant pushback from the US, analysts said, where some lawmakers are saying the result represents a European -encroachment on the US potential tax base.


In separate comments to Reuters on the sidelines of the G20 summit on Saturday Camo Tedric Thompson Jersey , Pascal Saint-Amans, director of the OECD Center for Tax Policy and Administration, called Apple's tax planning "outrageous" but, like Juncker Camo Amara Darboh Jersey , said the decision was based on enforcing regulations.


Saint-Amans said he believed it would be unlikely to serve as a precedent for enforcement on future income earned by multinationals.


Juncker's remarks appeared designed to reassure US lawmakers, who have argued for years over the treatment of offshore income but now fear that the EC move would mean more profits earned by US corporations flowing into European tax coffers.


"This is not a decision against the United States of America," said Juncker.


Ireland's cabinet agreed on Friday to join Apple in appealing against the tax demand, Reuters reported.


Ireland's Finance Minister Michael Noonan has insisted Dublin would fight any adverse ruling ever since the European Union began investigating Apple's Irish tax affairs in 2014 Camo Nazair Jones Jersey , arguing that it had to protect a tax regime that has attracted large numbers of multinational employers, said Reuters.


On August 31, he failed to persuade a group of independent lawmakers, whose support is vital for the minority government Camo Delano Hill Jersey , to agree to fight the ruling by European Competition Commissioner Margrethe Vestager that Apple's low tax arrangements in Ireland constitute illegal state aid, according to Reuters.




WUHANSHIJIAZHUANG, July 19 (Xinhua) -- The latest downpours to hit China have killed seven people and left at least seven missing, authorities said Tuesday.


Tuesday's heavy rain in central China's Hubei Province has killed five residents in Enshi Tujia and Miao Autonomous Prefecture, bringing the death toll in Hubei to six, according to the provincial bureau of civil affairs. One person remains missing.


The downpours since Sunday have affected 807,800 people in 35 cities and counties in Hubei, according to the bureau.


In north China's Hebei Province, strong rain killed one person and left at least six residents missing on Tuesday in Cixian County, according to the local government. Three people are still trapped. Rescuers are trying to reach the site, but flooded roads are hampering rescue efforts.


More heavy rain is forecast to hit China in the coming days, said the China Meteorological Administration. The National Meteorological Center has also raised its storm alert from yellow to orange.


China has a four-tier color-coded system for severe weather, with red being the most serious, followed by orange, yellow and blue.


The center advised residents to take precautions against possible floods, landslides, mudslides and rock flows. Enditem

"

BEIJING, June 2 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan Camo Shaquill Griffin Jersey , strengthened 20 basis points to 6.807 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.


In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.


The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.


(This article is generated by Xinhua News Robot.)


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Chinese submersible Jiaolong completes 20th dive in Mariana Trench


Colorful salt lakes seen in Yuncheng city, China's Shanxi


In pics: scenery of Sayram Lake in China's Xinjiang


China's submersible Jiaolong conducts 5th dive in Mariana Trench


People enjoy soup feast to mark Duanwu Festival in SW China's Sichuan

"

by Xinhua Writer Huang Yinjiazi


BEIJING, May 29 (Xinhua) -- Washington has invited Seoul to join its missile defense network, claiming that the arrangement would increase the alliance's confidence in the face of persistent "provocations" from the Democratic People's Republic of Korea (DPRK).


Vice-chairman of the U.S. Joints Chief of Staff James Winnefeld on Wednesday called for better missile defense cooperation between Japan and South Korea Camo Malik McDowell Jersey , Uncle Sam's two closest allies in Asia.


It is worrying that Seoul has reportedly express.


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