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Did Apple Pare Its Tax Bill With a 'Double Irish?'

Apple's European headquarters in Cork, Ireland
Apple's European headquarters in Cork, IrelandPhotograph by Anthony Sigalas via Flickr

Apple has a deal with Ireland granting it an effective 2 percent tax rate on tens of billions of dollars in profit at the company’s Irish affiliates, according to a U.S. Senate report released on May 20.

Ireland, though, says that isn’t true. “There is no special deal for Apple or any other company,” Barry O’Leary, the head of Ireland’s inward investment agency, said today in an interview with Irish broadcaster RTE. O’Leary and other Irish officials say the country applies its 12.5 percent corporate tax rate equally to all companies.