The Irish tax system is under the microscope after US Senator Carl Levin called the country a ‘tax haven’ and this despite the fact that the US government does not officially class Ireland as one. The Senator is clearly unhappy with the fact that Apple Inc, the computer technology company, is reported to only pay as little as 2% tax on its profits by registering its business in Ireland. By doing this the profits can be funnelled through Ireland and then on to an actual tax haven country, thus avoiding a big tax bill in the US. It is clearly … Continue reading Ireland Criticized by US Senator