Apple’s tax crunch leaves Ireland with sour aftertaste
The tech giant’s decision to pay $38 billion in US taxes won’t change things immediately, but may have huge repercussions for Ireland in the long run
Apple’s announcement last week that it will pay $38 billion in US taxes as part of a massive onshoring of cash is a bold and deliberate statement. It says a lot about the company - and also about its approach to its ‘Irish problem’. It is likely to further sour relations with Europe, with Ireland at risk of being caught in the crossfire.
The company has now effectively said that all the tax ...