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The tax deal Apple made with Ireland between 1991 and 2015 allowed them to avoid tax on almost all profits across the EU, booking the profits in Ireland rather
by willtim 8y ago
The tax deal Apple made with Ireland between 1991 and 2015 allowed them to avoid tax on almost all profits across the EU, booking the profits in Ireland rather than the country of sale and paying less than 1% corporation tax (0.005% in 2014). Given that most of their tech stack comes from publicly funded research, the system is clearly broken.
- ttoinou 8y agoGiven that most of their tech stack comes from publicly funded research, the system is clearly broken. You're right, no research should be publicly funded
- willtim 8y agoPublic funding is needed for any research with long timescales and no quick route to monetisation. It has given you and Apple, for example, the internet, the world-wide-web, GPS and touch-screen displays.