Ireland To Close Apple’s Tax Loophole, But Leave Bigger One Open
By Tom Bergin and Padraic Halpin LONDON/DUBLIN (Reuters) – Ireland said on Tuesday it planned to shut down a much-criticized tax arrangement used by Apple Inc to shelter over $40 billion from taxation – but will leave open an even bigger loophole that means the computer giant is unlikely to pay any more tax. A U.S. Senate committee investigation revealed in May that Apple had cut billions from its tax bill by declaring companies registered in the Irish city of Cork as not tax resident in any country. …
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