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So the headline should be, "Ireland to close Apple's tax loophole, but leave bigger one open"
by ra 13y ago
So the headline should be, "Ireland to close Apple's tax loophole, but leave bigger one open"
- IanCal 13y agoThe headline is accurate as it is.
- glomph 13y agoThat isn't usually how headlines work unless there is a stronger connection. 'Police catch one thief but leave all others on the street'
- mcherm 13y agoMore accurately: "Ireland will not close Apple's tax loophole; won't close the other one either.", since the article explains that all Apple needs to do is to declare it's Irish subsidiary to have a tax domicile of Bermuda (or anywhere else without corporate income tax) and Apple's current loophole remains intact.
- raverbashing 13y agoExactly There are ways this can be worked around (quite easily as pointed) Nothing changes in practice
- yapcguy 13y agoThe new Apple slogan should be: "Made in China. Designed in California. Taxed in Bermuda."