Tim Cook Visits Ireland, Calls for Global Corporate Tax Reform [Updated]

Tim Cook visited Ireland today to collect an award from Taoiseach Leo Varadkar for Apple's 40 years of investment in the country. Apple's CEO also met with Irish musician Hozier and Dublin-based game studio WarDucks.

In 2016, the European Commission found that Apple received illegal state aid from Ireland and forced the company to repay 13 billion euros in back taxes. Apple and Ireland are both appealing the ruling. Apple has previously expressed confidence that the ruling "will be overturned" by European courts.

Tim Cook Ireland 2020
In that regard, Cook today called for global corporate tax reform, telling Reuters and others that Apple "desperately" wants the system to be fair. "It's very complex to know how to tax a multinational," he added.

"I think logically everybody knows it needs to be rehauled, I would certainly be the last person to say that the current system or the past system was the perfect system. I'm hopeful and optimistic that they will find something," said Cook, referring to the intergovernmental economic organization OECD.


Update: IDA Ireland has issued a press release about Apple's award that includes a statement from Cook:

Ireland has been a second home for Apple for forty years and this honour is even more special for us because it recognizes the contributions of our incredible team here who work tirelessly to serve our customers around the country, and around the world. I believe deeply that our most important work together is still ahead of us, and I'm grateful to the people of Ireland for their commitment to openness, to innovation and to the cooperation that will make possible the next generation of world-changing ideas.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Top Rated Comments

rmoliv Avatar
34 months ago
Pay your taxes and shut up just like everyone else.
Score: 19 Votes (Like | Disagree)
now i see it Avatar
34 months ago
Global corporate tax laws need to be reformed so we can pay less tax
Score: 18 Votes (Like | Disagree)
JimmyBanks6 Avatar
34 months ago
> Uses global corporate tax loop holes for decades to save billions of dollars

> EU forces money returned due to loop hole

Now Apple wants the problem "fixed" ?

How stupid does Tim think people are?
Score: 16 Votes (Like | Disagree)
JRobinsonJr Avatar
34 months ago
The word "fair" is not relevant and I seriously wish Tim (and other super-rich people) would stop using it. There is no such thing as a "Fair" tax! Taxation is about confiscation of wealth. Regardless of which country you live in, such confiscation is both necessary and proper to fund programs required for society at large such as Infrastructure, Defense, etc.

I would also suggest that there is no such thing as a corporation paying taxes. Again, regardless of the industry or location, when a company sells a widget, part of those proceeds are used to pay taxes. Where does that money come from? The CONSUMER of the widget. When individual citizens pay taxes it comes out of their pocket. I have no mechanism to pass on taxes to someone else.

Corporate taxes, like VAT, fuel tax, permits, etc. are nothing more than ways to hide the true cost of government from the governed.

Thus, IMO, the only reasonable approach is for companies to NOT pay taxes. Let individuals pay everything directly. We're paying it anyway... just in a hidden form. If we really saw the impact of taxes on our income I suspect that a vast majority of people would quickly revolt!
Score: 15 Votes (Like | Disagree)
coolfactor Avatar
34 months ago

Pay your taxes and shut up just like everyone else.
Stop with this. They paid everything they were required to. EU *changes* the rules, and wants Apple to retroactively pay according to new rules. Would you?
Score: 10 Votes (Like | Disagree)
justperry Avatar
34 months ago

Stop with this. They paid everything they were required to. EU *changes* the rules, and wants Apple to retroactively pay according to new rules. Would you?
They didn't
Score: 10 Votes (Like | Disagree)

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