[Post 779] How Companies From Apple To Pfizer Use Ireland To Dodge Taxes

Summary

A range of U.S. businesses store intellectual property in Ireland due to a favorable business environment built on low corporate taxes. Examples are common in the technology and pharmaceutical industries. In recent years, a global push to establish minimum corporate tax rates led Ireland to revise its codes. But loopholes remain, urging officials in the U.S. to re-examine this long-standing relationship.