Key Points
- Apple paid $17.1 billion in income tax to Ireland last year
- This payment accounts for 40% of the company's total global income tax
- Apple employs 5,575 people in Ireland and generates $34.6 billion in pre-tax profit in the country
By the Numbers
Apple paid $17.1 billion in income tax to Ireland last year, which accounts for 40% of the company's total global income tax. This payment includes the $15.18 billion in back taxes that Apple was required to pay to Ireland due to the European Union's state aid case. Apple employs 5,575 people in Ireland and generates $34.6 billion in pre-tax profit in the country. Apple's activities in Ireland are significant, and the company makes a substantial tax payment in the country. Ireland's corporate tax rate of 12.5% has made it a preferred European hub for US tech and pharmaceutical giants. This payment comes as part of international efforts towards global tax reform. Ireland has adapted its tax rates to be in line with the OECD's Pillar Two global minimum tax rate of 15%.
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Frequently Asked Questions
- Why did Apple pay such a high amount of tax to Ireland?
- Apple paid a high amount of tax to Ireland because it has significant activities in the country and employs 5,575 people there.
- What is Ireland's corporate tax rate?
- Ireland's corporate tax rate is 12.5%.
- How does this payment reflect on global tax reform efforts?
- This payment comes as part of international efforts towards global tax reform, and Ireland has adapted its tax rates to be in line with the OECD's Pillar Two global minimum tax rate of 15%.
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