Its hard to come up with a better example of just how topsy-turvy the global corporate tax situation is than Irelands effort to prevent Apple Inc. from paying it more than $14 billion in back taxes. The country, which only a few years ago was digging out of insolvency, doesnt want the money. Instead the Irish government is fighting to protect its right to offer sweetheart tax arrangements to multinational companies in return for jobs.
This deal between Apple and Ireland, which the European Commission claims lowered tech giants EU tax bill to 0.005 percent in 2014, is just one of many complex agreements the worlds largest c…
Read the full article at: http://www.salon.com/2016/09/06/welcome-to-tax-haven-usa-apple-ireland-and-the-american-corporate-tax-giveaway/
