Apple accused of large scale tax avoidance

 

Global technology giant Apple came under fire from the US senate this week, as it was accused of large scale tax avoidance

Chief executive Tim Cook appeared before a senate committee to defend his company’s tax practices, including a 2% corporation tax rate deal it struck with the Irish government on two of its subsidiaries.

Apple has a number of subsidiaries in Ireland, including financial services, distribution and manufacturing and has been there since the 1980s.

The report accuses Apple of avoiding tax on...

Continued...

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Comments

If in doubt, blame the Irish

Roland195 | | Permalink

2013 and the US still tries to blame the Irish:

Abe Simpson: "The last time the meteors came, we thought the sky was on fire. Naturally, we blamed the Irish. We hanged more ‘n a few".

 

the luck of the irish(and dutch)

david5541 | | Permalink

"APPLE - One of the company’s tax avoidance schemes included incorporating their overseas holding companies in Ireland. US taxes are based on where the companies are incorporated, while Ireland taxes the company on the basis of where they are managed." """

maybe its time the IRS and HMRC came down heavy on the irish with a dividend/interest payments surcharge for any payments made to ireland and other tax haven nations- this would be more politically unacceptable than the USA bank rolling the israelis-as they do anyway....

the irish also house Google for the same tax reasons-and such a

david5541 | | Permalink

 

low rate of ct!

Roland195 wrote:

2013 and the US still tries to blame the Irish:

Abe Simpson: "The last time the meteors came, we thought the sky was on fire. Naturally, we blamed the Irish. We hanged more ‘n a few".