The Irish loophole behind Apple’s low tax bill

Series Title
Series Details 22.05.13
Publication Date 22/05/2013
Content Type

A US Senate investigation revealed on the 21 May 2013 that Apple, maker of iPhones, iPads and Mac computers, channelled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world."

Apple's ability to shelter billions of euros of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.

Tax evasion is one of the main issues in the agenda of the EU leaders meeting in Brussels on the 22 May 2013.
Source Link Link to Main Source http://www.euractiv.com/euro-finance/irish-loophole-apples-low-tax-bi-news-519888
Related Links
EUObserver, 22.05.13: Ireland on the defensive in Apple tax row http://euobserver.com/economic/120187
ESO: Background Information: European Council, Brussels - 22 May 2013 http://www.europeansources.info/record/european-council-brussels-22-may-2013/
BBC News, 23.05.13: Biting Apple: Can the EU tax the global big boys? http://www.bbc.co.uk/news/business-22626930
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