Originally Posted by alanwarwic:
“Part red herring. Apple are supposedly only declaring a very small revenue to Ireland.
Most of the cash is in 'no fixed abode'. Whether this is in acquiescence with Ireland is open to argument.
I heard one quote that 'below 2% corporation tax' actually means as little as 0.1% tax.”
“Part red herring. Apple are supposedly only declaring a very small revenue to Ireland.
Most of the cash is in 'no fixed abode'. Whether this is in acquiescence with Ireland is open to argument.
I heard one quote that 'below 2% corporation tax' actually means as little as 0.1% tax.”
My understanding is that in Ireland, if the company is not Irish, then they are not liable for Irish tax.
Although I'm not quite sure how this is of benefit to Ireland, if the whole idea was to attract foreign companies, charge them a lower rate of tax than other countries, in the theory that the boost to the economy by virtue of their presence in Ireland would outweigh the reduced rate of tax.
Maybe it just works that although they are not liable, they negotiate a ludicrously low rate on a company by company basis.
In short, it seems that most of the UK issues are to do with the Irish system being a bit bonkers.
And the US issue is to do with the US system being so punitive.




