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.
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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.
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Top Rated Comments
> EU forces money returned due to loop hole
Now Apple wants the problem "fixed" ?
How stupid does Tim think people are?
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!