Arab Today, arab today ireland denies special deal for apple
Last Updated : GMT 12:05:43
Arab Today, arab today
Arab Today, arab today

Ireland denies special deal for Apple

Arab Today, arab today

Arab Today, arab today Ireland denies special deal for Apple

Dublin - XINHUA

Ireland on Wednesday strongly denied the assertion that it had a special deal with U.S.-based multinational Apple on the tax rate it pays. \"There is no special deal for Apple or any other company,\" said Barry O\'Leary, chief executive of IDA Ireland, which is responsible for attracting foreign direct investment in Ireland. However, he was unable to deny that Apple paid an effective tax rate of 2 percent, as outlined at a U.S. Senate hearing. \"The important thing is, and for Ireland\'s credibility, is the transparency of the 12.5 percent corporation tax rate for activities that are carried out in Ireland,\" he told Ireland\'s state broadcaster RTE. \"There may be a case of where they refer to non-tax resident entities that give them an overall global tax-rate more comparable to some of their competitors, but there is no special deal for them,\" he added. O\'Leary also said Ireland competes on the global stage for investment. \"There are many countries that have good tax offerings, including individual states in the United States and countries like Luxembourg, Belgium, Holland and the UK increasingly,\" he said. \"There is global competition and tax happens to be one of the areas that Ireland competes for global investment.\" Apple on Tuesday confirmed that two of its Irish subsidiaries pay around 2 percent in tax. However, the company rejected claims that its Irish operation was used to avoid liabilities in the United States. Appearing before a U.S. Senate hearing on tax, Apple\'s head of tax policy Phillip Bullock confirmed that two Irish subsidiaries, Apple Operations Europe and Apple Sales International, paid approximately 2 percent in tax. When asked about its reasons for operating in Ireland, CEO Tim Cook said that the company had received a \"tax incentive arrangement\" as part of its decision to establish here in 1980. However, he said the company paid all of its tax on U.S. earnings, and had paid 6 billion U.S. dollars to the U.S. Treasury last year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ireland denies special deal for apple Arab Today, arab today ireland denies special deal for apple

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday