Apple’s effective Irish tax rate of 0.005% described as ‘brazen’ and ‘unsustainable’

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Apple’s effective Irish tax rate of 0.005% described as ‘brazen’ and ‘unsustainable’

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<p>After it was revealed that Apple paid an effective tax rate on its European profits of just 0.005% in 2014, a local tax and advisory firm has said that while other multinational companies had similar arrangements with Ireland, Apple’s deal was ‘the most brazen.’ The comment was made by Aisling Donohue, a partner at tax and business advisory firm MGPartners, reports <a href="http://www.bloomberg.com/news/articles/2016-08-30/apple-ireland-ruling-heralds-twilight-of-easy-european-tax-deals" target="_blank">Bloomberg[/url].</p>
<p>The European Commission yesterday ordered the Irish government to <a href="https://9to5mac.com/2016/08/30/eu-regulators-order-ireland-to-recover-13-billion-euros-in-illegal-irish-tax-benefits-from-apple/" target="_blank">recover €13B ($15B)[/url] in taxation from Apple after it was ruled to have offered the company illegal tax breaks. Apple is <a href="https://9to5mac.com/2016/08/30/tim-cook-responds-to-irish-tax-ruling-in-public-letter-we-are-confident-that-the-commissions-ruling-will-be-reversed/" target="_blank">appealing the ruling[/url].</p>
<p>Netflix says that it believes that the type of tax avoidance measures employed by Apple and other U.S. tech companies are ‘unsustainable’ …</p>
<p> <a href="https://9to5mac.com/2016/08/31/apple-tax-rate-ireland-commentary/#more-443769" class="more-link">more…[/url]</p>
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Source: Apple’s effective Irish tax rate of 0.005% described as ‘brazen’ and ‘unsustainable’