Tag: Ireland

Irish cabinet agrees to appeal Apple ruling

DUBLIN, Ireland (AFP) – by Douglas DALBY Ireland’s fragile minority government agreed Friday to recommend an appeal against the EU’s tax ruling on Apple but said it was recalling parliament early to debate the issue. The deal overcomes a split in cabinet surrounding the 13 billion euros ($15 billion) plus interest that the EU says Apple owes in back taxes, putting Ireland at the centre of a row between Europe and the United States. Apple […]

Apple hit with record EU tax bill

BRUSSELS, Belgium (AFP) – by Danny KEMP The EU ordered tech giant Apple on Tuesday to pay a record 13 billion euros in back taxes in Ireland, a move Washington warned could damage hugely important transatlantic economic ties. Brussels said Apple, the world’s most valuable company, avoided virtually all tax on its business in the bloc by illegal arrangements with Dublin which gave the company an unfair advantage over competitors. Apple and the Irish government […]

Austerity-weary Ireland votes in uncertain election

DUBLIN, Ireland (AFP) — Voting got under way in Ireland on Friday in an election which could see it become the latest eurozone country to face political instability as anger against hardship and austerity erodes support for traditional parties. Voters began casting ballots at 0700 GMT in schools, sports clubs and church buildings transformed for the day into election centres. Over 2,000 voters who are residents of islands off the west coast of Ireland have already […]

Medtronic to buy Covidien for $42.9 billion, rebase in Ireland

(Reuters) – U.S. medical device maker Medtronic Inc (MDT.N) said on Sunday it had agreed to buy Covidien Plc (COV.N) for $42.9 billion in cash and stock and move its executive base toIreland in the latest transaction aiming for lower corporate tax rates abroad. While the deal will allow Medtronic to reduce its overall global tax burden, the Minneapolis-based company said it was driven by a complementary strategy with Covidien on medical technology rather than tax considerations “The […]