Apple to Create 1,000 New Jobs in Ireland Amid Tax Probe

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Apple plans to hire an additional 1,000 employees at its Cork offices in Ireland, a country where the iPhone maker shelters multi-billion-dollar profits from corporate taxes in the United States, according to Reuters.

Apple Ireland

Apple's offices in Cork, Ireland

Ireland's main foreign investment agency, the IDA, said Apple was to add 1,000 jobs to its office in Cork by mid-2017 from 5,000 at present. It said the company had also added 1,000 jobs in the past year.

In September 2014, the European Commission accused Apple of receiving illegal state aid from Ireland in return for maintaining jobs. A decision in the investigation is due after Christmas, according to Ireland's finance minister Michael Noonan.

Apple has paid a corporate tax rate of about 2.5% in Ireland on $109 billion in profits over the past five years, far less than an average 12.5% paid by many other companies in the country. The U.S. has an average corporate tax rate of about 15% to 39%.

Top Rated Comments

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65 months ago
But still no Apple Store in Ireland... Not the Republic anyway
Score: 5 Votes (Like | Disagree)
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65 months ago
I think this is all political fodder. They created the laws that allow this and Apple is taking advantage of the law. Nothing new as many companies do that. Even in the USA, most companies incorporate in Delaware because of the way the laws are structured there. Ireland/EU can change laws to the tax code and then companies can decide to stay or move to another place if it is more advantageous. You have even seen individuals move countries due to tax issues. Albeit, all of this only works for the big boys. Us little folks cannot afford to move just to get a tax break.
Score: 5 Votes (Like | Disagree)
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65 months ago

That blame would lie solely with Apple then. Avoid paying billions in tax, create enough jobs for an entire city, and then expect immunity because what about all those poor workers losing their jobs? Won't somebody think of the children?!

There are five banks on the same street in your town. Each bank lets you use YOUR OWN money for varying surcharges. You would go to the MOST EXPENSIVE ONE as a "service to the bank"??? Right! Sure!

Our government (and others to lesser degrees) are starting to realize that when you are a multi-billion-dollar company (ANY OF THEM - not just Apple), that the entire planet is no different for them than one street of banks for us.

If our country doesn't stop with the political fodder of blaming the rich for everything and realize that you change NOTHING for the better by doing that then maybe we'll get some policy that actually results in big corporate money being brought back HOME and spent in the U.S.

Shareholders have very little patience for a company that uses its OWN MONEY for a 26% LOSS before even spending it when they can just as easily spend it after a 10% loss (or even borrow someone else's money for 3%). This will NEVER change. If government policy does not change then this debate will never end and all of the world's corporate money will stay abroad. (I guarantee that Chinese companies are bringing their profits back to China!)
Score: 4 Votes (Like | Disagree)
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65 months ago
Don't worry, I hear Apple is going to use all their tax savings to make the iPhone 7 free for Americans! ;)
Score: 2 Votes (Like | Disagree)
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65 months ago
Apple should regard itself as an Irish company.

;) so you can tell I'm not being 100% serious.
Score: 2 Votes (Like | Disagree)
Avatar
65 months ago

But still no Apple Store in Ireland... Not the Republic anyway

Yeah that's not cool.
Score: 2 Votes (Like | Disagree)

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