By Ed Sutherland on Oct 16, 2013
Ireland’s Finance Minister announced plans to close a loop-hole in the country’s corporate tax laws, eliminating the ability for companies such as Apple to operate as virtually ‘stateless’ firms ungoverned by any nation’s taxing authority. The change in the Irish laws means the iPhone maker cannot avoid declaring tax residency in either the U.S. or Ireland.
Earlier this year, Apple’s ability to funnel payments through a unit in Ireland to avoid paying taxes brought U.S. scrutiny by the Senate and testimony by Apple CEO Tim Cook… Read More
By Ed Sutherland on Jul 5, 2013
Apple executives, and other tech titans under fire for their tax avoidance practices, can sigh with relief. An Irish committee voted earlier against asking Apple CEO Tim Cook and others about how they used the Irish tax laws to limit what they owe the IRS. Instead, a finance committee of the parliament will put European finance officials on the hot seat.
An investigation by a U.S. Senate subcommittee found Apple funneled a large portion of its income through an Irish business unit, which charged a very low tax rate. As part of that investigation, Cook was called to answer Senator’s questions… Read More
By Ed Sutherland on May 28, 2013
European nations must stop offering incentives aimed at attracting companies seeking a haven from the U.S. government’s 35 percent tax on repatriated money. The European Union’s Tax Commissioner Algirdas Semeta Tuesday called on EU member nations to halt “specific incentives” aimed at attracting international corporations such as Apple, Google, Microsoft, Coca Cola and many others.
Semeta’s comments in Brussels follows a week of high-profile discussion of ways Apple and other tech giants filter income through EU nations such as Ireland to avoid paying heftier taxes back home… Read More