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Apple to add 1000 jobs to Cork payroll

Tax haven? What tax haven!

Apple is expanding its Cork, Ireland manufacturing plant - where it builds its iMacs - and will hire up to 1000 more people in the next 18 months. CEO Tim Cook announced the move today in an address to students at Trinity College Dublin.

The company already employs 5000 at its Hollyhill campus - a 25 per cent increase over the last year.

Ireland awaits the outcome of an EU probe into the country’s tax arrangements with Apple and whether this constitutes illegal state aids. So Apple’s investment is a welcome vote of confidence in the country.

"From an Apple perspective and an Irish government perspective, the announcement shows that whatever controversy there is around Apple’s tax status it hasn’t affected their enthusiasm for Ireland and they’re continuing to invest here,” Minister for Finance Michael Noonan told the Irish Independent.

In April this year, Apple cited the European Commission's investigation in a filing with the U.S. Securities and Exchange Commission. If it were to "conclude against Ireland, it could require Ireland to recover from the company past taxes covering a period of up to 10 years reflective of the disallowed state aid, and such amount could be material.” ®

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