Feeds

Apple's Irish tax lair to be probed by European Commission

Report says Tim Cook must battle BRUSSELS' BEST BUREAUCRATS!

Remote control for virtualized desktops

Apple's tax arrangements in The Republic of Ireland are about to become the subject of an official European Commission investigation, according to a report by Irish public service broadcaster Raidió Teilifís Éireann (RTE).

The report suggests competition commissioner Joaquin Almunia will take to the stage on or after June 11th and announce a probe into whether Ireland is kinder to Apple than is strictly necessary.

Ireland is often accused of facilitating the movement of money and profits around the world using a trick called the double Irish Dutch sandwich that sees income collected by Ireland-based companies paid as “royalties” to a Dutch entity, incurring a tax credit in the emerald isle along the way. The “royalties” are then sent back from The Netherlands to Ireland, a transaction that does not attract taxation. Shuffling money in this way means organisations can avoid even Ireland's low corporate tax rate.

The report suggests the EU probe, if it develops, will focus on what if anything Ireland does to help Apple use its jurisdiction to reduce its tax take, but seems not to have a remit to consider the issue of multinational tax shuttling.

A body that will do so is the G20, which in November will consider the matter at its annual leaders' summit. Host nation Australia is already making it plain it wants the topic on the agenda, perhaps spurred by the fact the likes of Google, Apple and Microsoft pay rather less tax than seems fair. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.