updated 11:36 am EST, Mon February 3, 2014
PM says Ireland is 'participating fully' in EU corporate tax debate
In his meeting with Irish Taoiseach (prime minister) Enda Kenny on Friday, one of the topics Apple CEO Tim Cook ended up discussing was corporate taxes, says local newspaper The Journal. Kenny explains that he mentioned Ireland is "participating fully" in European Union discussions about its corporate tax rate. He notes that the country has a statutory rate of 12.5 percent that applies to all businesses; Apple is among a number of companies, though, that have been accused of exploiting loopholes to pay minimal taxes on international revenue.
"I pointed out to Cook that Ireland, as a member of the [European] Union, is participating in the OECD discussions that are taking place now about an international response in terms of clarity about the tax position. There are fifteen different sectors involving that and Ireland is participating in them all," Kenny remarks. The PM hasn't said who first raised the topic of taxes, but adds that Cook was "exceptionally happy" with the work Apple's Cork facility has done.
Over the weekend, Cook is also reported to have visited the United Arab Emirates, where he toured Apple resellers and met with Prime Minister Shaikh Mohammed bin Rashid Al Maktoum on Sunday. The two discussed "an array of issues regarding future of the IT sector in the backdrop of international transformations and the sector's role in developing and advancing education," according to the Khaleej Times. Shaikh Mohammed is also said to have praised Apple's educational efforts.