Reply to post: Re: Well, bears in the woods etc.

Tim Cook: EU lied about Apple taxes. Watch out Ireland, this is a coup!

Anonymous Coward
Anonymous Coward

Re: Well, bears in the woods etc.

Unfortunately for your argument, the basis for funnelling profits made outside the US through Ireland, and it's extremely generous tax treatment, is the notion that the Irish companies own the ex-US IP rights. The result is that Ireland makes a small but (for them) decent amount of tax, at the expense of every other country where those products were actually sold, and Apple pays stuff all by comparison with "normal" companies. Nice deal if you can get it.

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