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DUBLIN, Feb. 2 (Xinhua) -- Ireland was in talks with U.S. tech firm Apple over setting up an escrow account for the 13 billion euros (13.9 billion U.S. dollars) the European Commission (EC) says is due to Ireland in back taxes, pending the outcome of an appeal against the EC's ruling, a cabinet minister said on Thursday.

"Irish officials are currently negotiating the terms of such an escrow fund which may be established by a commercial contract with Apple, subject to the views of the Commission," Irish Finance Minister Michael Noonan said in an address to parliament.

In August last year, the EC ruled that Ireland granted undue tax benefits of up to 13 billion euros to Apple, saying that "selective treatment" allowed Apple to pay a tax rate of 1 percent on EU profits in 2003 down to 0.005 percent in 2014.

In response to the ruling, the Irish government decided to appeal to the Court of Justice of the European Union.

"Obviously, the terms of such an escrow fund are subject to confidential and commercially sensitive considerations and as a result I will not be able to discuss them at this time," he said.

In his address, Noonan argued that it is simply untrue that Ireland provided favorable treatment to Apple. He said that the EC is undermining the fundamental principle of international tax: that tax should be paid where the value is created.

He also said that in the ruling, the EC is attempting to rewrite Irish corporation tax legislation. "The government is of the view that there was no breach of state aid rules in this case and that the legislative provisions were correctly applied," Noonan said.

"By appealing the decision, the government is taking the necessary course of action to vigorously defend the Irish position," he said.

"Ireland has done nothing wrong here. We have a proven track record in international tax reform and a strong commitment to meeting the best international standards," he added.

At the center of the Apple controversy are two of the company's subsidiaries, Apple Operations Europe and Apple Sales International.

These firms were registered in Ireland, however, they were controlled in the United States where they held their board meetings. Revenue taxed the companies on the basis of their activities in Ireland, however, the EC says both companies should have been taxed by Ireland on the basis of their worldwide income.

BEIJING Cheap Men's Nike Vapormax Flyknit Pure Platinum Red , July 10 (Xinhua) -- China's star ultra-marathon runner Chen Penbin completed his last run of the 100-marathon-in-100-day campaign in Beijing on Friday.

"We can achieve what we want!" Chen yelled as he crossed the finish line outside Beijing's MasterCard Center, formerly known as the Wukesong Stadium.

"Persistence is what has continued to push me forward. I'm really happy that I can achieve this. But more importantly, I hope I can inspire more people to run for their health," added the 37-year-old man Cheap Men's Nike Vapormax Flyknit Black Rainbow , who formerly was a fisherman.

Chen started his journey from Guangzhou on April 2, and ran all the way through Fujian, Zhejiang, Shanghai Cheap Women's Men's NikeLab VaporMax Flyknit Betrue 2017 Blue , Jiangsu, Shandong, Hebei, Tianjin until he arrived at the final stop of Beijing.

He ran 100km in South Pole in 2014 Cheap Men's Nike Vapormax Flyknit 2018 Olive Green , becoming the first runner to compete in ultra-marathon in all seven continents.

BEIJING, June 4 (Xinhua) -- China Shenhua Energy Company, the country's largest coal miner, announced Sunday that its stocks will suspend trading as its parent company is planning for an "important issue."

On Friday Cheap Men's Red Nike Vapormax Flyknit 2018 , the company received a notice from its parent company, Shenhua Group, about the "important issue" involving its listed arm, which involves major uncertainties and needs approval from related regulators Cheap Nike Vapormax Flyknit 2018 Men's Blue , it said in a short statement.

The Beijing-based company did not unveil details of the issue under consideration.

To protect the interests of investors and avoid stock price fluctuations, the company has applied to the Shanghai Stock Exchange for its shares to suspend trading starting Monday, it said.

The company will disclose information according to the progress of the issue under consideration, it added.

The company's share price rose 2.62 percent to 22.29 yuan (3.3 U.S. dollars) on Friday.

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MADRID, March 10 (Xinhua) -- Two people were arrested in the Spanish enclave of Ceuta on Tuesday morning as Spanish security forces dismantled a jihadist terrorist cell.

The Spanish Interior Ministry informed that rather than being a group dedicated to recruiting new members for the Islamic State, this was a "cell that was fully prepared and ready to carry out an attack on Spanish territory."

It is thought the pair arrested were intending to carry out 'lone wolf' style attacks, such as those carried out in France against the Charlie Hebdo magazine on January 7 Cheap Women's Nike VaporMax Moc Flyknit Triple Black Anthracite , while authorities have confirmed that both of those arrested were of Spanish nationality, but Moroccan origin.

The arrests are a continuation of an operation begun on January 24 which led to four other arrests (two pairs of brothers) in Ceuta in which police discovered an automatic pistol, combat clothes, knives Cheap Men's Nike Vapormax Flyknit 2018 Black , machetes, documents and vehicle license plates.

The people detained in January and on Tuesday, were all active members of the cell, which carried out an "aggressive campaign of communication in forums and jihadist pages on the internet Cheap Men's Nike VaporMax Black Anthracite ," and wh. Wholesale Jerseys China Wholesale NHL Jerseys China Wholesale NBA Jerseys Wholesale Throwback Jerseys Wholesale College Jerseys From China Cheap NFL Jerseys Cheap NFL Jerseys China Cheap Nike NFL Jerseys Cheap NFL Jerseys Online Wholesale NFL Jerseys


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