Apple will move its headquarters of international business which includes the iTunes Store, the App Store, Apple Music and iBooks from Luxembourg to Ireland, from February 4.

Screenshot 39 1 Apple to shift its international headquarters to Ireland from Feb 4   Is it tax evasion or financial repression?

via: iclarified.com

The company had already given a clue to such a move at the end of the previous year.

Besides, it has already shifted the entire iTunes assets to the country that are valued over £7 billion.

In addition to accounts, the contracts with Developers too have been transferred to Apple’s Irish branch.

Screenshot 40 Apple to shift its international headquarters to Ireland from Feb 4   Is it tax evasion or financial repression?

Screenshot 41 Apple to shift its international headquarters to Ireland from Feb 4   Is it tax evasion or financial repression?

via: eteknix.com

Reports discuss that movement at such a moment will help the company take benefit from Ireland’s low tax rates.

Apple paid just 0.005 per cent tax on its revenue over the past several years in Ireland, which alerted EU that ordered the Irish govt. to collect an extra of £10.8 billion from the company.

via: youtube.com

Interestingly, the order does not suit to either of them; the govt and the company, as both have declared their intention to go for appeal the decision in order to extend unlimited support to the tech giant.

The Irish govt. seems to go to any extreme to bring the company home, as reportedly, the later aims to hire more than 1000 employees, in addition to its employed strength of 5500, which is obviously a huge resource for the country.

Screenshot 42 Apple to shift its international headquarters to Ireland from Feb 4   Is it tax evasion or financial repression?

via: eteknix.com

Secondly, moving HQ to Ireland could result in more funds being channeled and processed through the country, which is ready to provide the company a platform for the probable tax evasion.

On the other hand, the company is after quick installation of a new site in Athenry, which will deal with the entire data on its international iTunes and iCloud business.

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