Undeterred by its massive tax bill from the European Commission, Apple has confirmed it is shifting its international iTunes business from Luxembourg to Ireland.
The move, which will take place on February 5, was announced in an email to developers today. However, Apple started planning for it last September when it transferred all developer accounts and around $9 billion in assets from Luxembourg to Ireland.
Apple has announced that it will create an extra 1,000 jobs to its Hollyhill site in County Cork, Ireland over the next 18 months — substantially increasing on the 5,000 employees the company currently has in Ireland.
The move is broadly in line with Apple’s overall workforce expansion, which has increased 25 percent over the past year.
Update: Employees are now back to work after the security alert was lifted. Only Apple’s Hollyhill and Levitt’s Quay were affected.
Apple reportedly evacuated 4,000 staffers at several of its premises in Cork, Ireland, this morning after an online bomb threat.
Employees were evacuated from Apple’s facilities in Hollyhill, the nearby Levitt’s Quay, and (possibly) the Model Farm Road site at 10 a.m. local time, with a search now being made of all premises. The Army Bomb Disposal unit has been notified and an explosive ordnance disposal team is on standby.
Apple has announced plans to hire an extra 1,000 employees in Ireland — as the deadline draws closer concerning the European Union announcing their decision about whether or not Apple dodged taxes thanks to the Irish government.
Apple will add 1,000 staff to its offices in Cork by mid-2017, where it currently operates the only Apple-owned manufacturing facility in the world, building Mac computers.
When people talk about Apple’s Irish operations, it’s normally negatively, regarding questionable tax practices. But the company operates a 4,000-person factory in Cork, Ireland, that builds iMacs — and it’s the only Apple-owned manufacturing facility in the world.
The Irish Examiner recently got a peek inside the secretive Apple manufacturing plant in Cork. Check out some photos below.
Ireland will apparently announce plans to phase out its “Double Irish” tax arrangement that has allowed companies like Apple and Google to save billions, according to a Reuters report citing sources familiar with the matter.
Over the past 18 months, the country has been criticized by both the United States and Europe for tax loopholes that let companies slash their overseas tax rate to single digits. Preliminary findings by the European Commission recently slammed a “sweetheart” tax deal on the part of Ireland that allowed Apple to avoid paying taxes by building up a massive offshore cash pile of $137.7 billion in the country.
Apple has been accused of avoiding paying a proper amount of taxes in the U.K. after making an incredible £6 billion in the last financial year, but paying only £10 million in tax. The Cupertino company runs what is described as a “significant operation” in Cork, Ireland, where tax rates are almost half those paid in the U.K.