1. Akshay Masand's Avatar

    Apple CEO Tim Cook recently addressed employees at the company’s European headquarters in Cork, Ireland before meeting with Prime Minister Enda Kenny to discuss EU tax regulations and ongoing operations in the country. In a private meeting with the Taoisearch or prime minister of the Republic of Ireland, Cook discussed possible expansion of Irish operations as well as issues regarding EU tax regulations according to a report from Business ETC.

    For those of you who didn’t know, the country’s corporate tax laws came under scrutiny after it was discovered that companies like Apple, Google and Microsoft were exploiting a legal loophole to save billions of dollars in taxes. Kenny had the following to say regarding the matter:

    I pointed out to Cook that Ireland, as a member of the [European] Union, is participating in the OECD (Organisation for Economic Co-operation and Development) 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.
    Ireland’s finance minister called for legislation to close the loophole in October, which in essence makes multinational corporations “stateless.” The Taoiseach is staving off rumors that his government makes special deals with certain large corporations to foster job growth according to the publication. Cook was reportedly “exceptionally happy” with the work being done in Cork. When asked about possible job expansions at the plant, Kenny only stated Apple was pleased with results so far and “want to continue.”

    As of right now, Apple’s European headquarters has over 4,000 employees, which is a huge jump from the roughly 2,800 workers accounted for less than two years ago. In 2012, the company announced it would be expanding operations in Europe, which created an additional 50 jobs at the Cork plant.

    Source: Business ETC via AppleInsider

    Twitter: @AkshayMasand
    2014-02-01 10:47 AM