4 ms·
Isn't this just simple tax evasion? How can a head office not be based in any country or have any employees?
by ksrm 10y ago
Isn't this just simple tax evasion? How can a head office not be based in any country or have any employees?
- pjc50 10y agohttp://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=26016763 http://www.bloomberg.com/research/stocks/private/snapshot.as... "Apple Sales International supplies and distributes Apple products. Apple Sales International was formerly known as Apple Computer International. The company is based in Hollyhill, Ireland. Apple Sales International operates as a subsidiary of Apple Inc."
- madeofpalk 10y agoAhh right. And thus the 'Double Irish': It relies on the fact that Irish tax law does not include transfer pricing rules. Specifically, Ireland has territorial taxation, and does not levy taxes on income booked in subsidiaries of Irish companies that are outside the state. Funny - when it's phrased like this it seems a whole less clear about what Ireland (and Apple) has done wrong. It's also worth noting that Ireland has passed tax reform to render this not possible any more.