4 ms·
> I think if you read the actual claim they make, and then you go read the description of the Double Irish accounting trick on wikipedia Apple doesn't actually
by nodamage 10y ago
> I think if you read the actual claim they make, and then you go read the description of the Double Irish accounting trick on wikipedia
Apple doesn't actually employ the double Irish as traditionally defined - the second half of the double Irish arrangement involves transferring profits to a company outside of Ireland (typically in a Caribbean tax haven). Apple doesn't do this. Their overseas profits remain in their Irish subsidiary, where they have a very low tax rate (which is what is being challenged by the EU).
I think, ironically, that if Apple had fully implemented the double Irish arrangement (like many other multinational companies), the EU commission would not be able to go after Apple using this "favorable treatment" line of inquiry.