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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
by dotps1 2y ago
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.
- SllX 2y agoDouble Irish with a Dutch Sandwich has been dead and replaced several times over for years.
- quitit 2y ago>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.
- docdeek 2y agoMalta is the other EU state with English as an official/national language.