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Apple’s main Irish arm paid corporation tax totalling $7.871bn (€6.57bn) last year, well over three times more than the tech giant paid as recently as 2020.
Ireland is creating a rainy-day fund from outsize profits from U.S. tech and pharma giants seeking to lower their tax bills.
Amid the forest of emails surrounding the case and the questions of who, among the partners of the firm, knew what and when, etc., the essence of what PwC did, largely in plain sight, is straight forward enough.
God, "innovation." First banalized by undereducated entrepreneurs in the oughts, then ground to pablum by corporate grammarians over the past decade, "innovation" - at least when applied to business - deserves an unheralded etymological death. But. This will be a post about innovation. However, whenever I feel the need to peck that insipid word into…
The consultancy is facing one of the biggest crises in its history following revelations that dozens of PwC operatives used confidential updates on government tax plans to drum up new clients. This is how it happened.