How Apple used Jersey to keep its Irish tax loophole under wraps [CBC (Canadian Broadcasting Corporation)]
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Source: CBC
Apple stashed profits in new tax havens after Irish scheme drew scrutiny Very little has changed since Apple was first criticized for its Irish tax set-up It was May 2013, and Apple Inc. chief executive Tim Cook was angry. He sat before the U.S. Senate permanent subcommittee on investigations, which had completed an inquiry into how Apple avoided tens of billions of dollars in taxes by shifting profits into Irish subsidiaries that the subcommittee's chairman called "ghost companies." "We pay all the taxes we owe, every single dollar," Cook declared. "We do not depend on tax gimmicks. . . . We do not stash money on some Caribbean island." Five months later, Ireland bowed to international pressure and announced a crackdown on Irish firms, like Apple's subsidiaries, that claimed that almost all of their income was not subject to taxes in Ireland or anywhere else in the world. Now newly leaked documents shine a light on how the iPhone maker responded to this move. Despite its CEO's public
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