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double irish flip

Apple Only Billed $14.5 Billion for Irish Tax Scam

The EU anti-trust regulator let Apple off easy with what amounts to a spectacular bargain by ruling that the company only owes $14.5 billion in taxes and interest through the infamous “Double Irish Flip.”

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DOJ Investigating Facebook for Suspected Irish Tax Dodge

The United States Department of Justice has asked for a federal court order to compel Facebook Inc. to provide the IRS with documents relating to undervaluing global assets transferred to its Irish holding company in a scheme to slash its tax rate to 3.5 percent.