The Resource Understanding Apple's global tax strategy in Ireland

Understanding Apple's global tax strategy in Ireland

Label
Understanding Apple's global tax strategy in Ireland
Title
Understanding Apple's global tax strategy in Ireland
Creator
Subject
Language
  • eng
  • eng
Summary
Apple, Inc. (Apple) is a U.S.-registered domestic corporation in the United States. However, it owns a subsidiary corporation in Ireland and many retail chain stores in Europe. Apple takes advantage of many differences in tax laws between the United States and Ireland, such as tax rates, tax policies and deferral tax. Apple further entered into agreement with the Irish government for the tax status of its subsidiary corporation and profit-allocation scheme, among other entities. As a result, Apple tax liability in Ireland is reduced to an unusually low level. On 30 August 2016, the European Commission (the Commission) charged the Irish government with granting preferential tax treatment and illegal tax subsidies to Apple. It also charged Apple with unreasonable business practice. As a consequence, the Commission ordered Apple to repay $14.5 billion to the Irish government. This article investigates the Irish government's tax policy and Apple's tax strategies. It further points out Apple's defense
Citation source
In: International tax journal. - Chicago. - Vol. 42 (2016), no. 6 (November-December) ; p. 41-48
http://library.link/vocab/creatorName
  • Yang, J.G.S
  • Meziani, A.S
  • Shen, S. (Y.)
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • MNE
  • subsidiary company
  • allocation of profits
  • advance tax ruling
  • State aid
  • tax rate
  • tax policy
  • deferral
  • foreign source income
  • CFC
  • source of income
  • tax incentive
Label
Understanding Apple's global tax strategy in Ireland
Link
https://library.ibfd.org/custom/web/SD_PDF/scans/2016/G-I/ITJ/6_41-48.pdf
Publication
Note
20170120

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      52.3736660 4.9336932
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