Commission says Ireland granted undue tax benefits of up to €13B to Apple

Re:Commission says Ireland granted undue tax benefits of up ... by Luc on Tuesday August 30, 2016 @06:23AM (#12388712)

Every country in Europe has some sort of wacky tax exception for multinationals. Every state is locked in this race to the bottom with its neighbouring countries.

It's great that there is a supra-national authority forcing the states to cooperate on getting multinationals to pay reasonable taxes, because it wouldn't happen otherwise.

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Re:Commission says Ireland granted undue tax benefits of up ... by cel1ne on Tuesday August 30, 2016 @06:42AM (#12388833)

I'm not sure about that. I think most multinationals follow the same double-irish structure [0] which is based on laws in Ireland, the Netherland and the Bermudas.

According to Wikipedia (just listing the IT-companies):

* Adobe Systems

* Apple Inc.

* Facebook

* Google

* IBM

* Microsoft

* Oracle Corp.

* Yahoo!

[0] https://en.wikipedia.org/wiki/Double_Irish_arrangement

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Re:Commission says Ireland granted undue tax benefits of up ... by wsc981 on Tuesday August 30, 2016 @11:09AM (#12390820)

Also bands like U2 make use of such structures to avoid taxes: http://www.economist.com/news/business-and-finance/21625444-...

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Re:Commission says Ireland granted undue tax benefits of up ... by furilo on Tuesday August 30, 2016 @04:08PM (#12393425)

At least they are Irish...

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