The CEO of Apple will be meeting with Taoiseach Enda Kenny later today after addressing staff in the company’s Cork office this morning.Tim Cook spoke to employees in Apple’s Hollyhill premises about the firm’s future plans. The Taoiseach will take a tour of the facility later today and meet with Cook.
Apple, which has 4,000 employees at its Hollyhill facility, has used its Irish base for decades as its home for operations in Europe and elsewhere, with the company coming under scrutiny last year for its corporate structure funneling revenue through subsidiaries located in the country in order to minimize its tax burden.
Apple has steadily increased its workforce in Cork as the company has grown in recent years, and Cook and Kenny are likely meeting to at least help maintain the long-standing relationship between Apple and Irish officials, perhaps with an eye on the company's future plans.
Earlier this month, Cook traveled to China to help launch sales of the iPhone on China Mobile, the world's largest carrier.
Update: TheJournal.ie has updated its article, quoting Kenny as saying that he and Cook discussed Ireland's participation in EU-wide conversations about clarifying tax issues.
Kenny didn’t say if it was himself or Cook who brought the subject up, but said that the Apple CEO was “exceptionally happy” with the work the Cork office has done.When asked whether this would mean further investment from the company, Kenny said that it was a matter for Apple to decide, but said that for now, the company is “very happy with the results from Cork and they want that to continue.”
But we all know why here's there
Guiness?
Despite being one of Apple's major markets the UK gets practically zilch. :(
2011 UK earnings £6 billion, tax paid £10 million
2012 avoided tax altogether by giving staff share bonuses
I like Apple so not moaning as much as I would about other companies... Google, Starbucks...
.
Any complainer can surely pay more taxes themselves if they would like. The IRS won't mind. :D
Nothing wrong with what they are doing. All companies do it. Find me one person that does not try to limit their tax burden as much as possible.
Any complainer can surely pay more taxes themselves if they would like. The IRS won't mind. :D
"The specific reason for Cook's visit is unknown"
But we all know why he's there
You are under the assumption Apple pay lots of tax here though..... I think you'll be surprised if it wasn't similar to UK despite them having their Euro HQ here.
Well they probably pay more than they would normally in Ireland based on sales there. They divert income from the rest of Europe into Ireland because of the sweetheart deal they have with the Irish Govt.
All the other Countries in Europe lose out on tax revenue and not necessarily too happy with Ireland. Of course Apple is not alone Google, Starbucks etc. are all at it. Starbucks largest market outside the US is the UK and according to their annual reports they made a loss every year since they started operating in the UK.
http://ift.tt/1aNecVW
Journalist obviously isn't too familiar with Apple.
"Apple is currently battling to keep pace with soaring worldwide demand for their products including the new iPad 2, the iPhone5 and iCloud services."
via apple - Google News http://ift.tt/1a7MTF3
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