Apple tax increases in Ireland and elsewhere were expected to take effect in 2023, but will now likely be delayed until 2024 as a result of slow progress on agreeing a global digital tax deal.
The delay is good news for Apple, whose European headquarters is based in Ireland, where it currently pays a tax rate of just 12.5% …
Why Apple tax increases?
Different countries charge different levels of corporate tax – the tax paid on profits declared in that country. Ireland has one of the lowest rates, at just 12.5%.
