Ireland to Alter Company Tax Laws After Apple Controversy
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Irish Finance Minister Michael Noonan promised to amend the country’s corporate tax laws, trying to calm a controversy over how U.S. companies use the nation to lower their tax bills.
“I will be bringing forward a change to ensure that Irish registered companies cannot be ‘stateless’ in terms of their place of tax residency,” Noonan said in Dublin as part of the 2014 budget today. “Ireland wants to be part of the solution to this global tax challenge, not part of the problem.”