Apple to Open $25 Million Technology Development Site in India

Apple plans to open a $25 million technology development site that’ll span 250,000 square feet in Hyderabad, India, according to ZDNet. The site will open its „innovation center“ in June of this year before ramping up to full operations by the end of the year.

The new centre will be built on 250,000 square feet of land in the real estate firm Tishman Speyer’s WaveRock facility at Hyderabad’s IT corridor at a cost of $25 million (150 crore rupees). It is anticipated to create 4,500 jobs for locals. IT majors such as Infosys, Wipro, Microsoft, and Cognizant have already set up their offices in the IT corridor.

ZDNet says the development center will be used to work on maps. Jayesh Ranjan, Secretary to IT in Telangana, the state in which Hyderabad resides, told ZDNet that Apple „has not looked at cities only in India, but across many places in Europe and other parts of the world.“

Rajan notes that Apple choosing Hyderabad is a „strong endorsement of the city as a major IT hub in the country.“ Microsoft also has offices in the city and plans to expand its operations while Google has pledged to open a headquarters in Hyderabad, making it the biggest technology campus in South Asia.

In 2006, Apple opened a massive support center in Bangalore, but closed it shortly thereafter. While Apple keeps most of its design and development within the United States, it does own several research and development sites around the world, including in Israel and Ireland. In late 2014, the company announced that it would open an R&D center in Yokohama, Japan. In January, Apple announced that it would open iOS development centers in Europe, starting in Italy.

On a whole, India is becoming increasingly important to Apple’s business. Last July, the company noted that its growth in India was over 90 percent while Apple’s sales in the country topped $1 billion in a fiscal year for the first time. Tim Cook has also mentioned that Apple was interested in expanding its manufacturing base in the country. Currently, Apple is close to gaining approval to open retail stores in India.

Tags: India, development centers
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Apple to Open $25 Million Technology Development Site in India

Apple’s Irish HQ evacuated over possible bomb scare

Apple reportedly evacuated 4,000 staff at several of its premises in Cork, Ireland this morning after an online bomb threat. Staff were evacuated from Apple’s facilities in Hollyhill, the nearby Levitt’s Quay, and (possibly) the Model Farm Road site at 10am local time, with a search now being made of all premises. The Army Bomb Disposal unit has been notified […]

(via Cult of Mac – Tech and culture through an Apple lens)


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Apple’s Irish HQ evacuated over possible bomb scare

Apple Could Owe More Than $8 Billion in European Tax Probe

Apple could owe more than $8 billion in back taxes if the European Commission finds issue with the iPhone maker’s corporate tax policies in Ireland, according to analysis by Bloomberg Intelligence.

Apple is one of several multinational corporations that have been scrutinized for corporate tax avoidance in Europe over the past few years. The European Commission began Apple’s tax probe in June 2014, and formally accused the iPhone maker of receiving illegal state aid from Ireland three months later.

The company’s $64.1 billion in profit generated from 2004 to 2012 could be subject to a 12.5% tax rate, compared to its current foreign tax rate of about 1.8%, depending on the outcome of the investigation. A decision in the probe is expected in Brussels by March, possibly after the 2016 Irish election.

Apple’s tax breakdown in Ireland (Image: Bloomberg Intelligence)

Apple operates multiple subsidiary companies in Ireland to pay significantly less tax outside the U.S., where it earns about 55% of its revenue. Apple continues to deny any wrongdoing, and both the company and Ireland vow to take the European Commission to court over any negative verdict.

Last month, Apple agreed to pay 318 million euros in Italy to settle an investigation that accused the company of booking profits generated in Italy through an Irish subsidiary, in an effort to lower its taxable income base and save 879 million euros between 2008 and 2013. Italian regulators concluded that tax probe in March.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Tags: corporate tax, European Commission, Ireland
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Apple Could Owe More Than $8 Billion in European Tax Probe

Investigation into Apple’s Irish tax practices delayed to 2016

Having previously said that a verdict on Apple’s Irish tax arrangements would be announced by Christmas, a new report reveals that an announcement won’t be made until February next year after all. The reason for the delay is additional supplementary questions sent by E.C. investigators, concerning whether or not Apple potentially underpaid on billions of euros of tax […]

(via Cult of Mac – Tech and culture through an Apple lens)


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Investigation into Apple’s Irish tax practices delayed to 2016

Apple helps fund Ireland’s ocean energy initiative with €1m

Apple is working with the Sustainable Energy Authority of Ireland (SEAI) to fund research toward ocean energy with a whopping €1 million, or approximately $1,072,662. The fund would commence in 2016 and donate €250,000 every year for four years. “We’re excited by the potential of ocean energy to someday serve as a source of clean power for the […]

(via Cult of Mac – Tech and culture through an Apple lens)


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Apple helps fund Ireland’s ocean energy initiative with €1m

Apple Committing €1 Million to Ocean Wave Energy Research in Ireland

Continuing its recent moves to embrace renewable energy sources, Apple has agreed to fund a €1 million initiative through the Sustainable Energy Authority of Ireland (SEAI) to support research into harnessing wave energy.

Ocean Energy Test Site in Galway Bay, Ireland

“We’re excited by the potential of ocean energy to someday serve as a source of clean power for the data centre we are building in Athenry, County Galway,“ said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. „We are deeply committed to powering all our facilities with 100 percent renewable energy and believe investing in innovative projects will make reaching our goal easier.“

The initiative funded by Apple will help fund researchers testing their wave harnessing technologies at the Galway Bay Ocean Energy Test Site.

Wave energy is just one renewable energy source Apple has supported in an effort to become more environmentally friendly. Solar energy has been a major component of Apple’s initiative, although the company has also embraced wind, biogas fuel cell, hydroelectric, and geothermal solutions to help power its data centers and other facilities as it seeks to move to 100% renewable energy for its own facilities and even help its suppliers make similar transitions.
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Apple Committing €1 Million to Ocean Wave Energy Research in Ireland