Irish finance minister calls €14B tax windfall from Apple 'transformational'

Re:Irish finance minister calls €14B tax windfall from Apple... by dotps1 on Tuesday October 01, 2024 @05:27PM (#41714367)

Before the ruling Apple was paying about 8B in taxes per year to Ireland.

If multinational corporations are no longer able to do a Double-Irish Dutch Sandwich anymore, it doesn't make sense to stay there.

Which means the future losses in a single year from several large multinational corporations leaving will be larger than this one payment.

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Re:Irish finance minister calls €14B tax windfall from Apple... by quitit on Tuesday October 01, 2024 @06:53PM (#41715181)

>Before the ruling Apple was paying about 8B in taxes per year to Ireland.

> If multinational corporations are no longer able to do a Double-Irish Dutch Sandwich anymore, it doesn't make sense to stay there.

That figure isn't going to change, nor are companies going to be running out of Ireland - the tax strategy has been shut down for more than a decade. Ireland has other features which make it attractive to US businesses, including strong historical ties and being the remaining English speaking member of the EU.

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Re:Irish finance minister calls €14B tax windfall from Apple... by docdeek on Wednesday October 02, 2024 @01:52AM (#41717575)

Malta is the other EU state with English as an official/national language.

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Re:Irish finance minister calls €14B tax windfall from Apple... by SllX on Tuesday October 01, 2024 @06:47PM (#41715113)

Double Irish with a Dutch Sandwich has been dead and replaced several times over for years.

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