Year: 2024
Type: article
Abstract: As one of the largest corporations globally, Apple Inc. generates significant profits, resulting in substantial tax obligations. This paper investigates, through a literature review and case study, how Apple leveraged Ireland's tax laws to minimize its tax burden. The findings reveal that Apple's strategic tax avoidance strategies have had far-reaching implications, both for the company and the Irish economy. Apple's decision to channel its profits through Ireland led to a radical increase in Ireland's GDP, as the company brought substantial investments, talent, and industry development to the country. However, this arrangement also raised concerns about the ethics and legality of Apple's tax practices. In 2017, the change in US tax laws prompted Apple to repatriate its profits back to the United States, where it paid the required taxes under the new regulations.This study examines the complex interplay between multinational corporations, national tax policies, and the broader economic and social implications of tax avoidance strategies. The findings offer insights into the challenges faced by policymakers in balancing the needs of businesses, governments, and the public interest, and highlight the importance of transparency and accountability in the global tax landscape.
Author: Xueqing Cui
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4404867609