‘SCANDAL OF APPLE’S 2 PER CENT TAX RATE’ – DOHERTY

first_imgA DONEGAL TD has reacted with anger to reports that global computer and gadget company Apple paid just 2 per cent tax in Ireland.Appearing before the US Senate Committee today, the leadership of Apple confirmed that a deal was agreed with the Irish Government that reduced the tax liability to two per cent has been in place for a number of years.Pearse Doherty, the Sinn Féin finance spokesperson said: “Today at questions the Taoiseach denied that a special deal was in place for Apple and its tax liabilities. Appearing before the Senate Subcommittee hearings the leadership of Apple confirmed that a deal had been negotiated and was in place since Apple made its first investment in Ireland in the early 1980s. “Since 2003 this has meant that Apple has paid less than two per cent corporation tax. The Taoiseach needs, as a matter of urgency, to come to the Dáil and put right the record. Through the hearings this state has been likened to a tax haven this is undermining our international reputation.”The findings by the US Senate Committee that show Apple is using Ireland to write-off its international tax bill by setting up an Irish incorporated, non-resident entity to handle 30% of its global earnings but pays tax nowhere.The committee describes Ireland as a tax haven and that is not something this government should be ignoring or dismissing as not their problem, said Doherty.He went on: “The issue of large multi-national corporations like Apple and Google not paying high effective tax rates in Ireland, or using Ireland as a vehicle to avoid paying tax internationally, is prominent in the news now but it’s something Sinn Fein has been highlighting for a period of time. “I contacted the Oireachtas Finance Committee in November and requested hearings on this issue which are due to commence shortly. I have put a number of names of experts in the field forward to the committee and I have also proposed that we invite the Irish representatives of leading multi-national companies in Ireland in to answer questions.“Ireland has benefitted from foreign direct investment in our economy in terms of jobs and payroll taxes. These jobs have to be protected. But our corporation tax rate is already very fair and cannot be undermined by a continual writing down of effective tax rates. Ireland is perceived as a tax haven and that is not beneficial to us in the long-term for either jobs, or tax take.“This government continues to protest that our tax system is transparent. It is transparently flawed. Our tax code has been written for the benefit of large companies and the wealthiest in society, while SMEs and individuals are obliged to pay their tax bills in full. They cannot negotiate reduced tax bills.“There cannot be one law for the big company and another for the small. This is what I want to get to the bottom of in the committee hearings. This is where we can shine a light on the tax structures and activities of large companies to reveal once and for all if they are playing the game fairly or they, and this government, are taking us for a ride.” ‘SCANDAL OF APPLE’S 2 PER CENT TAX RATE’ – DOHERTY was last modified: May 21st, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:’SCANDAL OF APPLE’S 2 PER CENT TAX RATE’ – DOHERTYlast_img read more