6 ms·

Except they don't. “And under Irish tax law, the second Irish resident subsidiary is not taxed on the royalty payment because it is controlled by managers else

by jarkko 13y ago

Except they don't. “And under Irish tax law, the second Irish resident subsidiary is not taxed on the royalty payment because it is controlled by managers elsewhere.” http://www.theregister.co.uk/2012/11/22/how_vendors_avoid_tax/ http://www.theregister.co.uk/2012/11/22/how_vendors_avoid_ta... Google (as a verb, no pun intended) for “Double Irish” and “Dutch Sandwich” if you want the full picture of the scheme.

pcrh 13y ago
Despite these tax-avoidance shenanigans, I think they do pay tax in Ireland, just a ridiculously small amount. http://www.theguardian.com/business/ireland-business-blog-with-lisa-ocarroll/2011/mar/24/google-ireland-tax-reasons-bermuda http://www.theguardian.com/business/ireland-business-blog-wi...
- dcc1 13y ago
  Oh they do pay some taxes, but rather insignificant amount when compared to the billions they launder thru' here. And not just Google I believe Apple laundered north of 50 billion and only have a handful of employees here http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html http://www.nytimes.com/2012/04/29/business/apples-tax-strate... As a small business owner it sickens me with how these large companies can get away with so much here, ok granted they are creating jobs (badly needed) and have other positive effects on a sinking economy but having Revenue put a blind eye on these shenanigans while making life miserable for small companies is unfair.
  - lhc- 13y ago
    Having "only a handful of employees" is hardly creating jobs. And Apple is a notorious example of a company that doesn't actually reinvest most of the money they avoid paying in taxes, they just sit on enormous cash reserves (reinvestment is often used as an excuse for tax breaks and tax holidays here in the US).
    - handelaar 13y ago
      Apple's one of the largest employers in Cork, and Google's headcount in Ireland is measured in the thousands.

by jarkko 13y ago

pcrh 13y ago

Despite these tax-avoidance shenanigans, I think they do pay tax in Ireland, just a ridiculously small amount. http://www.theguardian.com/business/ireland-business-blog-with-lisa-ocarroll/2011/mar/24/google-ireland-tax-reasons-bermuda http://www.theguardian.com/business/ireland-business-blog-wi...

dcc1 13y ago
Oh they do pay some taxes, but rather insignificant amount when compared to the billions they launder thru' here. And not just Google I believe Apple laundered north of 50 billion and only have a handful of employees here http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html http://www.nytimes.com/2012/04/29/business/apples-tax-strate... As a small business owner it sickens me with how these large companies can get away with so much here, ok granted they are creating jobs (badly needed) and have other positive effects on a sinking economy but having Revenue put a blind eye on these shenanigans while making life miserable for small companies is unfair.
- lhc- 13y ago
  Having "only a handful of employees" is hardly creating jobs. And Apple is a notorious example of a company that doesn't actually reinvest most of the money they avoid paying in taxes, they just sit on enormous cash reserves (reinvestment is often used as an excuse for tax breaks and tax holidays here in the US).
  - handelaar 13y ago
    Apple's one of the largest employers in Cork, and Google's headcount in Ireland is measured in the thousands.