Ireland February 2

AAPL: 94.48

-1.95
Stock Chart

Last year it was announced that Apple was planning a major new data center for County Galway in Ireland, as well as one in Denmark, both set to begin operations in 2017. According to a new report from Business Insider, however, Apple’s plans for the Irish data center have hit a speed bump. The report claims that the company’s $928 million dollar center has been put on hold due to complaints from the community.

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Ireland January 21

AAPL: 96.30

-0.49
Stock Chart

Tim Cook this week met with the European Commission’s antitrust chief Margrethe Vestager, Bloomberg reports and Kristin Huguet, a spokeswoman at Apple, confirms. The Cupertino based company is fighting back against contentions that they have formed a special agreement with Ireland in which they pay significantly lower taxes to the country’s government. The news also appears to coincide with Tim Cook’s announcement in launching an iOS development center in Italy.

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Ireland January 18

AAPL: 97.13

-2.39
Stock Chart

[Update: Apple has confirmed plant evacuation of Cork facilities following ‘threatening emails’ the company received. The situation has now been dealt with and employees are returning to work.]

According to local news, Apple’s plants in Cork, Ireland have been evacuated following a potential security threat in the area. Around 4000 workers have been told to leave premises at Apple’s facilities in Lavitts Quay, Hollyhill and Model Farm Road. Although details are scarce, Defence Forces told The Independent that explosive ordnance disposal teams are on standby in case they are needed. Employees have been waiting outside for over 2 hours now, as local ‘Gardai’ police respond to the bomb threat.

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Ireland January 15

AAPL: 97.13

-2.39
Stock Chart

With a recent European Commission ruling making it look more likely than ever that Apple’s tax arrangements in Ireland will be declared illegal, Bloomberg has been doing the sums on how much the company may owe in back tax. The total? More than $8 billion.

Apple funnels all its European revenue through Ireland, where a special agreement with the Irish government means that it pays just 2.5% tax instead of the normal 12.5%. A long-running European Commission investigation into the legality of this arrangement was recently extended and expanded its scope.

Assuming the agreement is ruled to be illegal, it would be the Irish government – and not Apple – who broke the law, but Apple would still have to pay the difference between the tax it actually paid and the full amount that would have been due without the deal. The company warned shareholders last year that it may have to pay ‘material’ back taxes, but the figure calculated by Bloomberg is much larger than earlier estimates …

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Ireland January 11

AAPL: 98.53

1.57
Stock Chart

Ireland December 14, 2015

AAPL: 112.48

-0.70
Stock Chart

The long-running investigation into the legality of Apple’s tax arrangements in Ireland has been expanded, with the European Commission now seeking additional information from the Irish government, reports the FT. This means that the investigation is likely to be extended well into next year. A ruling had originally been expected before the end of the year.

While Irish authorities had expected the case to be concluded soon, they have instead been sent bulky sets of supplementary questions, meaning it will be difficult to reach a final verdict until after the 2016 election, which is expected as early as February […]

The Irish finance ministry confirmed that the government was supplying the requested additional information to the commission. “We do not expect any decision until after the new year,” said a spokesman.

If the ruling goes against Apple, it could face a bill for billions of Euros in underpaid tax …

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