We recently heard that the EU regulators were looking into the tax treatment of a number of companies within the EU, one of these companies was Apple and their EU HQ in Ireland.
It looks like Apple and other companies who operate their European operations out of Ireland will either have to pay more tax, or move to another country, as the Irish government has announced that they are changing the rules.
Apple and other companies now have until 2020 to decide what to do, as Ireland are remove the ‘double Irish’ tax arrangement from 2020 for existing companies and from next year for new companies.
The news was announced by Ireland’ finance minister Michael Noonan how said that “These measures will enhance Ireland’s corporate tax regime and align it with best practice internationally. It will ensure that Ireland continues to be the home of the best and most successful companies in the world.”.
It will not just be Apple that is effected by the changes, but also companies like Google who run tehir EU business from Ireland.
Source The GuardianFiled Under: Apple, Technology News, Top News