- Dec 12, 2007
https://arstechnica.com/apple/2017/01/apple-international-business-ireland-luxembourg/Apple is moving its international iTunes business assets from Luxembourg to Ireland at the start of next month.
From February 5, the non-US side of its business, including the iTunes Store, Apple Music, the App Store, and the iBooks Store, will operate from its European HQ in Cork, according to a note sent out to developers yesterday.
The move isn't coming as a total surprise; Apple first announced its intentions in September, and it transferred an estimated $9 billion (£7.2 billion) of iTunes assets at the same time, as well as moving all developer contracts to Apple Distribution International, one of its two main Irish companies.
In effect, Apple is moving its subsidiaries from one low-tax European haven to another, in what could be construed as a careful slight to top EU politicians. In August, Ireland was ordered by the EU to collect an additional 13bn (£10.8bn) in taxes from Apple. The country was accused of offering the tech giant a sweetheart deal with an effective tax rate as low as 0.005 percent, which the EU insists is anticompetitive for the tax systems of its other member nations and could even amount to illegal state aid.
We're beating other Tax Havens !
On the plus side, if the EU win the suit against Ireland & Apple, we now end up even bigger winners.