Categories
disruptive technology mobile news

Irish Government May Close Apple’s Biggest Tax Loophole

“Ireland and its tax system came under some extreme scrutiny earlier this year when it was revealed that Apple funneled billions of dollars of revenue though three subsidiaries based in the country. Thanks to a loophole, none of these subsidiaries were tax-resident in Ireland, meaning they didn’t even have to pay Ireland’s relatively low 12.5% corporation tax rate.

Leave a Reply