Irish Hospitality: Tax Haven For Apple Inc. (AAPL), Google Inc (GOOG)

There appears to be some dispute over whether or not Ireland is a tax haven. While officially the Irish government says no, a European Commission probe into multinationals based in the country would suggest otherwise. And it all comes down to what is known as the ‘double Irish’. Double Irish taking a big bite out of tax No, the ‘double Irish’ isn’t a large fried breakfast, but it is filling the coffers of some of the world’s largest multinationals. It’s is a tax avoidance strategy by which corporations shift income from a country with a higher tax rate to one…