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Comment: Re:Finally (Score 1) 120

by jonbryce (#48022207) Attached to: Apple Faces Large Penalties In EU Tax Probe

And that factory isn't where they are saving the money.

They have a company called Apple Operations International. It is registered in Ireland, and all the staff that work for that company are based in Texas. Under Irish law, the company does not pay any tax because it doesn't do any business or employ any people in Ireland. Under US Federal and Texas State law, it doesn't pay any tax in the US or Texas because the company is registered in Ireland. That company makes a huge amount of money, two thirds of all the profits the Apple Group makes, and doesn't pay tax on it anywhere in the world. Not the very low 12.5% Irish tax rate, not a specially reduced rate. Absolutely no tax whatsoever.

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