Technology companies currently using a tax scheme known as the Double Irish will soon have to look for other ways to reduce their tax burdens. Starting next year, the controversial tax reduction measure will no longer work for new companies. Companies already using it — including tech giants Google, Apple, Adobe, Amazon and Oracle — will have until 2020 to stop. How the Double Irish Works Companies use the Double Irish, a strategy which leverages Ireland’s corporate tax laws, to reduce their tax burden in their home country, usually the United States. The strategy is so named because it requires...
Read the full article: The Doom Of The Double Irish, And How It Affects You
from MakeUseOf http://www.makeuseof.com/tag/the-doom-of-the-double-irish-and-how-it-affects-you/
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