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Ireland changed its tax law which is why Google is ending it's use of the Double Irish. It's not just Google of course. Apple apparently started it. Here's a
by ourmandave 6y ago
Ireland changed its tax law which is why Google is ending it's use of the Double Irish.
It's not just Google of course. Apple apparently started it.
Here's a list of other giant companies using the exact same loop hole.
https://en.wikipedia.org/wiki/Double_Irish_arrangement#Multinationals_that_used_Irish_BEPS_tools https://en.wikipedia.org/wiki/Double_Irish_arrangement#Multi...
Double Irish
Major companies in Ireland known to employ the Double Irish BEPS tool, include:
Apple Inc. original user, and known in operation since the late 1980s[19][54][55][171]
Abbott Laboratories[172][173][174]
Adobe Systems[175]
Airbnb[176][177]
Apple Inc.[19]
Eli Lilly and Company[175]
Facebook[138][178][179][180]
Forest Laboratories[175]
General Electric[178]
Gilead[181]
Google[32][39][178][182]
IBM[183]
Johnson & Johnson[178]
Medtronic Inc.[184]
Microsoft[175][185][186]
News Corp[175]
Oracle Corp.[139][175]
Pfizer Inc.[175]
Starbucks[178]
Yahoo![187]
Single malt
Major companies in Ireland known to employ the single-malt BEPS tool, include:
Microsoft (LinkedIn), using Malta[64]
Allergan (Zeitiq), using Malta[64]
Teleflex, using Malta[63]
Capital allowances for intangible assets
Major companies in Ireland known to employ the capital-allowances for intangible assets ("CAIA") BEPS tool, include:
Apple Inc., started in 2015[104] with the leprechaun economics affair
Accenture, started in 2009[94]
- jjtheblunt 6y agoDidn't you just say "Apple apparently started it." and then "Accenture, started in 2009[94]" right below it? I wonder if Accenture was doing Apple's audits, but I don't have any idea.
- colinmhayes 6y agoApple invented it in the 80's
- josefx 6y agoThose reference two different tax avoidance schemes. Apple started using the double Irish in 1980s. The Accenture point is about the capital-allowances for intangible assets scheme.
- Jon_Lowtek 6y agoGoogle started [using] it [the double-irish-dutch-sandwich scheme] in 2004 https://www.euroweeklynews.com/2021/01/13/google-funnelled-e128-billion-from-the-netherlands-to-bermuda/ https://www.euroweeklynews.com/2021/01/13/google-funnelled-e...