Also categorized in International Tax:
How an Interest Charge-Domestic International Sales Corporation Can Benefit U.S. Exporters
x hide permanently

How Apple and Ireland Are Taking on the European Union


In 2014, the European Union (EU) accused Ireland of bypassing international tax rules by allowing Apple to avoid paying taxes on tens of billions of dollars of income, in exchange for maintaining jobs and a presence in Ireland. The European Commission (EC), which acts as executive of the EU, charged that Ireland violated the EU rules which prevent members from using targeted tax breaks to gain an edge over other EU members.