Slashdot Mirror
Irish Government May Close Apple's Biggest Tax Loophole
DavidGilbert99 writes "Ireland and its tax system came under some extreme scrutiny earlier this year when it was revealed that Apple funneled billions of dollars of revenue though three subsidiaries based in the country. Thanks to a loophole, none of these subsidiaries were tax-resident in Ireland, meaning they didn't even have to pay Ireland's relatively low 12.5% corporation tax rate. Worryingly for Apple, Ireland's finance minister may now shut this loophole. A measure within a new budget bill (PDF) would disallow Apple's status as a 'stateless' corporate entity for tax purposes. Apple will still be able to select a country like Bermuda as its tax residence, but it's a step in the right direction."
Apple pays way more tax than Google. And Google also uses way more tax loopholes. But you won't see that on slashdot because timothy and Soulskill will delete it.
And then people wonder why /. is dying and why it's become a joke and why HN and reddit and Techmeme are growing while /. is dead.
Hell, even CmdrTaco doesn't read /. anymore and reads only HN.
This incredible bias and horrible editors is one of the major reasons why /. is so irrelevant today.