Tim Cook getting award for Apple's 40 years of investment in Ireland
During a visit with Ireland's prime minister, CEO Tim Cook will be given an award to mark four decades of Apple investing in the country.
Apple is to be honored with an award from Ireland's Taoiseach, or prime minister, Leo Varadkar, when Tim Cook visits Dublin later this month. It's in recognition of how Apple has continuously invested in the country for four decades.
According to Bloomberg, the award will be presented during the visit on January 20.
Apple is one of Ireland's largest employers, but in 2019 it topped the Irish Times list of biggest companies predominantly because of tax reasons. Ireland's entire population is around 4.84 million and there are no Apple Stores in the region.
Yet because its Ireland operation acts as an international hub, Apple recorded sales through it of approximately $133.67 billion in 2019.
Ireland's tax laws have long benefited Apple, but since 2016 both the company and the Irish government have been embroiled in a disagreement with the European Union. The EU imposed a $15 billion tax bill, asserting that Ireland had granted Apple unfair deals.
Apple paid the bill but, in conjunction with the Irish government, has been appealing the ruling.
Apple is to be honored with an award from Ireland's Taoiseach, or prime minister, Leo Varadkar, when Tim Cook visits Dublin later this month. It's in recognition of how Apple has continuously invested in the country for four decades.
According to Bloomberg, the award will be presented during the visit on January 20.
Apple is one of Ireland's largest employers, but in 2019 it topped the Irish Times list of biggest companies predominantly because of tax reasons. Ireland's entire population is around 4.84 million and there are no Apple Stores in the region.
Yet because its Ireland operation acts as an international hub, Apple recorded sales through it of approximately $133.67 billion in 2019.
Ireland's tax laws have long benefited Apple, but since 2016 both the company and the Irish government have been embroiled in a disagreement with the European Union. The EU imposed a $15 billion tax bill, asserting that Ireland had granted Apple unfair deals.
Apple paid the bill but, in conjunction with the Irish government, has been appealing the ruling.
Comments
Nice job Ireland! ...poking the EU in the eye with this award.
EU wants some money from the huge and tasty apple pie. Their agenda is clear - try getting money even though everything was done correctly from the legal perspective.
https://www.irishtimes.com/business/technology/apple-s-secretive-cork-facility-opens-up-to-an-extent-1.3346124
https://www.theguardian.com/news/2017/nov/06/apple-secretly-moved-jersey-ireland-tax-row-paradise-papers
A very significant amount of Apple's off-shore profits have yet to be "repatriated" and may never be, and further that cash being held overseas is no longer even mentioned in Apple financials. It still sits undeclared in tax havens such as Jersey, and Apple is far from the only one. Look at Microsoft and Google, Amazon and Oracle too as examples of companies who aren't repatriating all the cash they hold off-shore.
Or may be I confused you by putting two words together which one word is included the definition of the second word. Just to be clear the word bureaucrat by definition is an unelected appointed/hire official who is responsible to running the government and interrupting the rules and regulations.
The EU does have a bunch of bureaucrats who's think their job is to make everyone buy into their view of the world order and tell all the member states what is good for them. The EU is no different than the US in that regard, except the fact the US tend to hold US and Foreign companies to the same set of rules especially tax rules and the US does not tell local government how to tax companies and whether local company gave unfair tax advantages to one company over another.
Just to be clear I did not say anything about elected politicians you seem to think I am referencing. If you think the politicians are running the EU stop being naïve and leave your left-wind talking point outside this. See I can do the same thing as you. Plus my view are not talking point from any side of the political divide since I have personal experience dealing with EU bureaucrats on getting product approved to sell into the EU markets, I have direct experience with their stupidness in the name of protectionism.