Apple has benefited from both a favourable Irish tax regime and the notorious “double Irish” scheme, exploiting the fact that revenues declared as earned by subsidiaries or Irish companies outside its territory are not liable to tax.
The double Irish does not exploit the non=territorial nature of Ireland’s tax system. And if we are to accept that Ireland’s tax system is indeed non-territorial then the €13 billion isn’t due, is it?
No, really, she doesn’t get it, does she?
Soon after the referendum, MEPs voted overwhelmingly for a series of measures including a common consolidated corporate tax base (CCCTB), a single set of rules on taxable profits for companies operating within the EU, which can stop tax wars between nations and a race to the bottom in terms of tax rates. George Osborne’s response to this post-Brexit? An announcement that he planned to reduce corporation tax to 18%. When it comes to tackling corporate tax dodging, give me faceless bureaucrats and MEPs over Tories and their corporate cronies any day.
The CCCTB leaves the rate of tax open to hte nation, the definition of what profit to be taxed is what is set by the CCCTB.