I wonder how long this tax revenue will last, I realize this is a one time lump sum, now that the tax advantage for "locating" in Ireland no longer exists.
> The windfall is being banked in two tranches – €8bn this year and the remaining €6.1bn next year – giving the country’s finance department a projected €105bn in tax revenue for 2024.
So this is about 7.6% of their tax revenue for this year and 5.8% of their revenue next year. If AAPL does leave that's a massive loss for the country.
> Combined with the one-off revenue from Apple, the expected corporate tax intake for Ireland is €38bn, half of which comes from the top 10 companies, including the tech companies Microsoft and Intel, and pharma multinationals, such as Pfizer.
Ireland could be facing a massive corporate tax loss if these companies just all up and go to a new European country.
Possible destinations are Luxembourg(Amazon, Fiat Chrylser) and the Netherlands (starbucks)
> The windfall is being banked in two tranches – €8bn this year and the remaining €6.1bn next year – giving the country’s finance department a projected €105bn in tax revenue for 2024.
So this is about 7.6% of their tax revenue for this year and 5.8% of their revenue next year. If AAPL does leave that's a massive loss for the country.
> Combined with the one-off revenue from Apple, the expected corporate tax intake for Ireland is €38bn, half of which comes from the top 10 companies, including the tech companies Microsoft and Intel, and pharma multinationals, such as Pfizer.
Ireland could be facing a massive corporate tax loss if these companies just all up and go to a new European country.
Possible destinations are Luxembourg(Amazon, Fiat Chrylser) and the Netherlands (starbucks)