An EU summit on the issue of tax co-ordination on Wednesday (22 May) is likely to put more pressure on low-tax countries like Ireland amid revelations in the US that Apple and other large corporations are using EU-based subsidiaries to avoid paying taxes.
Irish Prime Minister Enda Kenny on Tuesday rejected allegations made in a US senate inquiry that Apple had paid only two percent tax in Ireland and insisted all foreign corporations registered in his country pay a rate of 12.5 percent....
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