Apple used a "Double Irish" tax structure to route $30 billion in profits through Irish subsidiaries and pay zero tax on them. Tim Cook told Congress Apple pays all taxes owed and avoids gimmicks, contradicting what the company actually did.
all these tech companies have offices in Ireland. Yeah, everyone has a Dublin. Apple does the same thing, Facebook does the same thing. And the reason is because there was something called the Double Irish Strategy, which said if you have one Irish company that owned the IP and then another one that was a subsidiary of it, and then that one had U.S. directors, zero taxation. For 5 years, I think Apple made $30 billion through their Irish companies and paid zero taxes on it. And by the way, Tim Cook goes, he stands in front of Congress, he goes, Apple pays every dollar that they owe in taxes. We don't depend on tax gimmicks. We don't stash money in some Caribbean It's like, yeah, in Ireland instead. Like, what are you talking about here? Are you gonna do this?
