Bound to be popular on Leeside.
The Irish Government is set to appeal the European Commission’s decision to fine Apple after the tech giants were found to be guilty of receiving illegal tax benefits.
The detailed document outlined how “this selective treatment allowed Apple to pay an effective corporate tax rate of 1 per cent on its European profits in 2003 down to 0.005 per cent in 2014” and while plenty of people were quick to comment, the attention of others has now passed onto the next issue, how will the windfall be used?
The Lord Mayor of Cork, Des Cahill, believes that the “lions share” of the €13bn – plus interest – should be spent on infrastructural projects around Cork. Cahill’s argument is that because Apple’s Irish operations are predominantly based in Holyhill, the job security of over 5,000 people will be in jeopardy.
Somehow, we think that the €13bn might be going towards the national debt. Here’s Cahill’s statement.
https://twitter.com/CllrDesCahil/status/770582739204603904
Sorry to all you nice Corkonians out there, it’s unlikely that you’ll be heading to the pub like this.
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