Ireland's Tax Loophole: Could Closing It Affect Apple Inc. (AAPL)?

ValueWalk recently investigated the ‘double Irish’ tax avoidance strategy used by international corporations in light of the continued scrutiny by U.S. and European bodies. Now it seems as if Ireland’s Minister of Finance, Michael Noonan, is going to do something about it. In his budget speech, Mr. Noonan insisted that the Irish government is committed to cracking down on big business tax avoidance. Ireland in pressure from Europe In a year when the Irish government has faced continued attacks from Europe over its low corporation taxes, Mr. Noonan stated that new regulations would come into place in January 2015 to…