SECOND TAKE
BLOOMBERG OPINION: Ireland’s tax dance unlikely to end any time soon
Proposed minimum global tax rate will take years to implement
07 June 2021 - 12:34
If you want an example of how major Western companies manage their great taxation sidestep, take a look at Apple’s chief supplier.
Hon Hai Precision Industry, the flagship of Foxconn Technology Group and the largest assembler of iPhones, booked $57.4bn in revenue from the Republic of Ireland in 2020, according to its annual report. That’s about 25% more than the previous year. By contrast, revenue derived from the Americas climbed 4% to $58.8bn. ..
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