The US just wants its bite of Apple

The US report on Apple is interesting but misleading, writes Seamus Coffey.

The international principles underlying the taxation of corporate income are attracting considerable attention. Ireland, in particular, has come under the spotlight.

A report prepared for two US senators includes a very interesting, but misleading, case study on the tax strategies of Apple. The report claims that in Ireland: “Apple has negotiated a special corporate tax rate of less than 2%.”