Reginal Thomas
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Apple Is Going To Pay Even Less Taxes


Ireland announced today it plans to shut down a tax arrangement used by Apple (NYSE: APPL) as a sanctuary to save over $40 billion from taxation. Instead they're leaving an even bigger loophole open that will possibly keep Apple from having to pay any more tax. According to a U.S. Senate committee investigation in May, Apple cut billions from its tax bill by registering its companies in a city named Cork. 

Everyone seems to have a problem with it, Apple has more cash money than the American government and isn't paying taxes. Senator Carl Levin said Apple had the "holy grail of tax avoidance". There have been protest in Ireland because over the committee depicting Ireland as a facilitator of tax avoidance.