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Apple CEO Tim Cook Heads to Ireland to Visit Government Officials, Company Facilities
Apple CEO Tim Cook is currently in Ireland visiting the company's facilities in Cork and preparing to meet with government officials this afternoon, according to a report from TheJournal.ie. The specific reason for Cook's visit is unknown, but Apple has maintained a significant presence in the country for several decades.
Apple's Hollyhill facilities in Cork, Ireland (Reuters/Michael MacSweeney)
Apple, which has 4,000 employees at its Hollyhill facility, has used its Irish base for decades as its home for operations in Europe and elsewhere, with the company coming under scrutiny last year for its corporate structure funneling revenue through subsidiaries located in the country in order to minimize its tax burden.
Apple has steadily increased its workforce in Cork as the company has grown in recent years, and Cook and Kenny are likely meeting to at least help maintain the long-standing relationship between Apple and Irish officials, perhaps with an eye on the company's future plans.
Earlier this month, Cook traveled to China to help launch sales of the iPhone on China Mobile, the world's largest carrier.
Update: TheJournal.ie has updated its article, quoting Kenny as saying that he and Cook discussed Ireland's participation in EU-wide conversations about clarifying tax issues.
The CEO of Apple will be meeting with Taoiseach Enda Kenny later today after addressing staff in the company’s Cork office this morning.
Tim Cook spoke to employees in Apple’s Hollyhill premises about the firm’s future plans. The Taoiseach will take a tour of the facility later today and meet with Cook.
Apple, which has 4,000 employees at its Hollyhill facility, has used its Irish base for decades as its home for operations in Europe and elsewhere, with the company coming under scrutiny last year for its corporate structure funneling revenue through subsidiaries located in the country in order to minimize its tax burden.
Apple has steadily increased its workforce in Cork as the company has grown in recent years, and Cook and Kenny are likely meeting to at least help maintain the long-standing relationship between Apple and Irish officials, perhaps with an eye on the company's future plans.
Earlier this month, Cook traveled to China to help launch sales of the iPhone on China Mobile, the world's largest carrier.
Update: TheJournal.ie has updated its article, quoting Kenny as saying that he and Cook discussed Ireland's participation in EU-wide conversations about clarifying tax issues.
Kenny didn’t say if it was himself or Cook who brought the subject up, but said that the Apple CEO was “exceptionally happy” with the work the Cork office has done.
When asked whether this would mean further investment from the company, Kenny said that it was a matter for Apple to decide, but said that for now, the company is “very happy with the results from Cork and they want that to continue.”
Tag: Tim Cook
[ 69 comments ]
Top Rated Comments
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62 months ago
Nothing wrong with what they are doing. All companies do it. Find me one person that does not try to limit their tax burden as much as possible.
Any complainer can surely pay more taxes themselves if they would like. The IRS won't mind. :D
Any complainer can surely pay more taxes themselves if they would like. The IRS won't mind. :D
62 months ago
Ireland's government takings are massively inflated by channelling revenues through a country that's in reality a bit of a backwater for Apple. All of the other EU countries are losing out.
Despite being one of Apple's major markets the UK gets practically zilch. :(
2011 UK earnings £6 billion, tax paid £10 million
2012 avoided tax altogether by giving staff share bonuses
I like Apple so not moaning as much as I would about other companies... Google, Starbucks...
.
Despite being one of Apple's major markets the UK gets practically zilch. :(
2011 UK earnings £6 billion, tax paid £10 million
2012 avoided tax altogether by giving staff share bonuses
I like Apple so not moaning as much as I would about other companies... Google, Starbucks...
.
62 months ago
Nothing wrong with what they are doing. All companies do it. Find me one person that does not try to limit their tax burden as much as possible.
Any complainer can surely pay more taxes themselves if they would like. The IRS won't mind. :D
"The specific reason for Cook's visit is unknown"
But we all know why he's there
62 months ago
Probably right. The Double Irish arrangement (http://en.wikipedia.org/wiki/Double_Irish_arrangement) makes interesting reading.
.
Yep...... The government will keep Apple sweet to protect the 4,000 jobs. We can not afford 4,000 more people on Social Welfare (let alone all those additional jobs that come from servicing those 4,000 workers) - where at the moment those folks are all working and paying the many new austerity taxes that are finally getting the country out of the hole it dug with the bank and property crisis.
62 months ago
"Apple has maintained a significant presence in the country for several decades."
Erm. Apple was only founded in 1976. That's stretching "several" a little far!
Erm. Apple was only founded in 1976. That's stretching "several" a little far!
62 months ago
This man sure does get around!
Anyone leading a $150 billion company better not be sitting on his butt in an office.
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"Apple has maintained a significant presence in the country for several decades."
Erm. Apple was only founded in 1976. That's stretching "several" a little far!
"Several" can be anything more than one.
62 months ago
paying the many new austerity taxes that are finally getting the country out of the hole it dug with the bank and property crisis.
What??? Finally getting us out of the hole? If anything its getting worse. Are you even reading what is going on?
62 months ago
The Irish are always optimistic - nothing new there. I’m just giving an educated view of my observations of Irish and European affairs. As a Graphic/Packaging Designer I was lucky enough to be insulated from it (only because 90% of my work is from repeat clients outside Ireland). My argument is with the claim "finally getting the country out of the hole". It’s so unrealistic.
Do you really believe these figures - with mass emigration, jobs bridge, all the self employed who cannot get the dole and the people forced into ridiculous 'schemes'? Kenny and Co are hell-bent on making it hard for the youth to stay in Ireland. A real success indeed.
More hype. The 'gate-keepers' spinning again. The banks are hard at work trying to create another small property bubble to claw back some of the massive losses they incurred. Banks are giving foreign investors with portfolios of €2,000,000 or more - mortgages with them only having to put 50% of the price down - and start paying the other 50% five years later interest free. It's plain as day to see. There are few ordinary people getting mortgages now. But they will when the demand increases. If the Irish fall for this again - I give up!
Seriously - How many times have we heard this - only for it to be revised down? Eurozone inflation is way below target. How are these figures supposed to be met? We won't grow until the big boys in Europe do. It's all hype coming up to the European elections.
I'm glad you are getting on ok (seriously) - but please don't say that 'we' are finally getting out of the hole - because the fact is 'we' are not. Austerity is still being imposed on us. The most vulnerable in society, such as the elderly and disabled are being trampled on by Kenny and Co. People are still suffering and will continue to, until at least 2020. Jobs are being lost everyday (they are also being created - but very little) along with mass emigration. There are media black-outs on protests against austerity. The suicide rate has increased with upwards of 700 people (in such a small country) taking their lives every year since 2008. This is directly related to the continuing austerity program.
There is no point in sugar-coating the true problems that face the overwhelming majority of decent Irish people everyday - for the benefit of the people (from around the world) who use this forum.
Best of luck...
As for reading what's going on, have you read that jobless figures are at 12.4% from its peak in jan 12 from 15.1%
Do you really believe these figures - with mass emigration, jobs bridge, all the self employed who cannot get the dole and the people forced into ridiculous 'schemes'? Kenny and Co are hell-bent on making it hard for the youth to stay in Ireland. A real success indeed.
Likewise house prices in the capital at least have begun to increase by 2.4%
Whilst nationally house prices still declined by 0.9% in the final three months of 2013 - this was the slowest in over six years. With price stabilisation particularly in Cork, where the median price was unchanged.
More hype. The 'gate-keepers' spinning again. The banks are hard at work trying to create another small property bubble to claw back some of the massive losses they incurred. Banks are giving foreign investors with portfolios of €2,000,000 or more - mortgages with them only having to put 50% of the price down - and start paying the other 50% five years later interest free. It's plain as day to see. There are few ordinary people getting mortgages now. But they will when the demand increases. If the Irish fall for this again - I give up!
Likewise with recent announcement that the central bank predicts a 2.1% growth in the economy in 2014 of GDP and GNP of around 2.2% are also glimmers of hope that we simply have not had in the last number of years...
Seriously - How many times have we heard this - only for it to be revised down? Eurozone inflation is way below target. How are these figures supposed to be met? We won't grow until the big boys in Europe do. It's all hype coming up to the European elections.
I'm glad you are getting on ok (seriously) - but please don't say that 'we' are finally getting out of the hole - because the fact is 'we' are not. Austerity is still being imposed on us. The most vulnerable in society, such as the elderly and disabled are being trampled on by Kenny and Co. People are still suffering and will continue to, until at least 2020. Jobs are being lost everyday (they are also being created - but very little) along with mass emigration. There are media black-outs on protests against austerity. The suicide rate has increased with upwards of 700 people (in such a small country) taking their lives every year since 2008. This is directly related to the continuing austerity program.
There is no point in sugar-coating the true problems that face the overwhelming majority of decent Irish people everyday - for the benefit of the people (from around the world) who use this forum.
Best of luck...
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