- ‘Gay Jeans’ that fade into rainbow-colored denim created
- Divided court strikes down big porn award
- Jimmy Carter: Don’t hurt Russian people with sanctions
- Oldest ex-MLB player dies in Cuba, 2 days shy of 103rd birthday
- ‘Top Gun’ for drones: Squadrons of carrier-based killers have Navy’s approval
- Bill Clinton to endorse Charlie Rangel for re-election
- Pfc. Bradley Manning is now Pfc. Chelsea Manning: Court says so
- Secret base U.S. special forces used to train Libyans now under terrorist control: report
- 9th suspect in N.C. kidnapping turns self in to FBI
- L.A. sheriff admits to testing flyover spy program without notifying residents
Embassy Row: No tax haven in Ireland
The Irish ambassador is tangling with two powerful U.S. senators over whether his nation is an illicit tax haven attracting American companies that want to avoid the world’s highest corporate tax rate.
Ambassador Michael Collins complained to Sen. Carl M. Levin, Michigan Democrat, and Sen. John McCain, Arizona Republican, about a Senate staff report that claims Ireland gave special tax treatment to favored U.S. corporations, including Apple Inc.
“The tax rates attributed to Ireland are wrong and misleading,” Mr. Collins said in a letter.
He noted that the Organization for Economic Cooperation and Development has adopted criteria that a nation must meet to be considered a shelter for tax cheats.
Tax havens generally are characterized by a lack of a tax system or a nominal one.
They also hide information about foreign investors and refuse to cooperate with the OECD.
“None of these criteria applies to Ireland,” Mr. Collins said.
They insisted that Apple CEO Tim Cook admitted at a subcommittee hearing that his company got special treatment from Ireland and paid about 2 percent in corporate taxes, even though Ireland has one of the world’s lowest rates, at 12.5 percent.
The U.S. has the highest rate, at 35 percent, and applies the tax to overseas earnings as well as domestic profits.
“Most reasonable people would agree that negotiating special tax arrangements that allow companies to pay little or no income tax meets a common-sense definition of a tax haven,” Mr. Levin and Mr. McCain said in a statement.
In his letter, Mr. Collins disputed the committee’s findings: “Ireland’s tax system is set out in statue so there is no possibility of individual special tax rates being negotiated for companies.”
Foreign visitors in Washington this week include:
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
James Morrison joined the The Washington Times in 1983 as a local reporter covering Alexandria, Va. A year later, he was assigned to open a Times bureau in Canada. From 1987 to 1989, Mr. Morrison was The Washington Times reporter in London, covering Britain, Western Europe and NATO issues. After returning to Washington, he served as an assistant foreign editor ...
- Embassy Row: India strikes back over diplomat's arrest
- Embassy Row: India 'shocked,' 'appalled' by consular officer's arrest
- Embassy Row: Wife of Christian held in Iran feels abandoned by Obama
- Wife of jailed U.S. Christian in Iran calls for White House help
- Most Americans want no Iranian uranium enrichment: poll
Latest Blog Entries
TWT Video Picks
By Andrew P. Napolitano
Obama's veil of secrecy is pierced
- 'Top Gun' for drones: Squadrons of carrier-based killers have Navy's approval
- Pentagon plans to replace flight crews with 'full-time' robots
- America is an oligarchy, not a democracy or republic, university study finds
- Obama avoids 'red line' for China; prepared to impose tougher sanctions on Russia
- Nevada rancher Cliven Bundy hailed as patriot, ripped as lawless deadbeat
- Kansas will nullify local regulation of guns
- Tactical advantage: Russian military shows off impressive new gear
- Brain surgery victim struggles with Obamacare: 'It's scary'
- Protesters, police clash in Philippines ahead of Obama visit
- CARSON: When government looks more like foe than friend
Top 10 handguns in the U.S.
Celebrity deaths in 2014