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by dotps1
618 days ago
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Before the ruling Apple was paying about 8B in taxes per year to Ireland. If multinational corporations are no longer able to do a Double-Irish Dutch Sandwich anymore, it doesn't make sense to stay there. Which means the future losses in a single year from several large multinational corporations leaving will be larger than this one payment. |
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> If multinational corporations are no longer able to do a Double-Irish Dutch Sandwich anymore, it doesn't make sense to stay there.
That figure isn't going to change, nor are companies going to be running out of Ireland - the tax strategy has been shut down for more than a decade. Ireland has other features which make it attractive to US businesses, including strong historical ties and being the remaining English speaking member of the EU.