DUBLIN: According to AppleInsider, Apple Inc. (NASDAQ:AAPL) has moved another $9 billion in assets to Ireland. The company came under fire recently with a tax scandal in Ireland. Even though, the decision was taken against Apple, the company seems to think little of it.
Apple has planned to take its iTunes business and content stores to more than 100 countries, to be managed from Holyhill, Ireland. Since 2004, the company managed its business from Luxembourg. Apple has around 6,000 employees in Ireland. Despite multiple probes from the country’s regulatory authorities, it has continued to expand its operations in the country, and has a significant impact on the community.
The recent move hints at the company’s plan to open another 1,000 jobs for the community. Although, the US government does have a right to criticize the company over its actions, it is well within the company’s right to conduct its operations in any country it wants to, as long as it operates legally. Apple has been asked for $14.5 billion in taxes to the Irish government, as a consequence of taking illegal aid from the state. The company has planned to appeal the decision and isn’t worried of overturning the decision either. Irish authorities will come under pressure from various businesses as they may lose appeal to foreign investments. Apple has made further commitments in a bid to stay in the country.
