Apple plans to hire an additional 1,000 employees at its Cork offices in Ireland, a country where the iPhone maker shelters multi-billion-dollar profits from corporate taxes in the United States, according to Reuters.
Ireland's main foreign investment agency, the IDA, said Apple was to add 1,000 jobs to its office in Cork by mid-2017 from 5,000 at present. It said the company had also added 1,000 jobs in the past year.
In September 2014, the European Commission accused Apple of receiving illegal state aid from Ireland in return for maintaining jobs. A decision in the investigation is due after Christmas, according to Ireland's finance minister Michael Noonan.
Apple’s Tim Cook says Cork operations won't be affected by EC tax investigation outcome. Full interview on 6.1 news https://t.co/sdY8mbdMey — RTÉ News (@rtenews) November 11, 2015
Top Rated Comments
Our government (and others to lesser degrees) are starting to realize that when you are a multi-billion-dollar company (ANY OF THEM - not just Apple), that the entire planet is no different for them than one street of banks for us.
If our country doesn't stop with the political fodder of blaming the rich for everything and realize that you change NOTHING for the better by doing that then maybe we'll get some policy that actually results in big corporate money being brought back HOME and spent in the U.S.
Shareholders have very little patience for a company that uses its OWN MONEY for a 26% LOSS before even spending it when they can just as easily spend it after a 10% loss (or even borrow someone else's money for 3%). This will NEVER change. If government policy does not change then this debate will never end and all of the world's corporate money will stay abroad. (I guarantee that Chinese companies are bringing their profits back to China!)
So, why should Apple bring it "Home"!
Where is "Home"?