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Apple iTunes will transfer related to international assets in Ireland

27.01.2017 0 Comments

Apple has a special position in Ireland, which have caused the claims of the European Commission. But this does not prevent copertina continue to transfer their assets in a European country.

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Apple iTunes will transfer related to international assets in Ireland

As it became known, in the beginning of next month, the American Corporation will transfer its international assets associated with iTunes from Monaco to Ireland. This concerns such services as the iTunes Store, Apple Music, App Store and iBooks Store.

The headquarters of Apple in Ireland has been operating for almost 30 years. In fact, it was the first international company who settled here. After Apple in Ireland came Intel, IBM, Microsoft and others.

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Managing international operations associated with digital content, was produced by Apple from Monaco in 2004. Now home to these assets will become the Irish city of cork.

Apple intends to make the move as painless as possible for content owners. For example, the contracts of the developers were transferred in September.

Apple iTunes will transfer related to international assets in Ireland

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Recall that in August last year, the European Commission decided that Ireland gave Apple illegal tax benefits by €13 billion and now needs to demand their compensation from the American company.

According to the European Commissioner for competition Margrethe Vestager, EU members are not allowed to provide tax incentives to individual companies if they are unavailable to others. “In fact, such a selective attitude has allowed Apple to pay corporate income tax in Europe in 2003 at an effective rate of 1%, which has decreased in 2014 to 0.005 per cent,” she said.

The Irish Finance Minister Michael Noonan argues that the government did not give Apple tax breaks, and the controversial tax decisions of the company are no longer applied, and she now pays all the tax at the rate of 12.5%

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