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Added on the 02/09/2016 16:43:20 - Copyright : Reuters EN
In 2017, then-Governor of Wisconsin Scott Walker made great fanfare of the arrival of Apple's biggest supplier, Foxconn. Foxconn had agreed to build a facility to manufacture large-screen TV displays and create 13,000 jobs. In exchange, Wisconsin would offer an enticing series of tax breaks, totaling $4 billion. Now, Business Insider reports the Wisconsin Economic Development Corporation has rejected Foxconn's application for tax subsidies. Business Insider reports Foxconn had to have at least 520 people under employment by the end of 2019 to receive the subsidies. Foxconn claimed to have hired 550 people, but Wisconsin says only 281 of them met the qualifications listed in the contract.
Ireland's finance minister welcomes the judgement of a European court which annulled an EU claim that Ireland had unfairly allowed Apple to benefit from 13 billion euros in state aid. SOUNDBITE
Ireland's Prime Minister Leo Varadkar arrives at Government Buildings in Dublin ahead of a Cabinet meeting over Brexit, following London's claim that negotiators had finally struck a draft agreement on the terms of Britain's withdrawal from the European Union next March. IMAGES of arrivals
Two straight friends named Michael O'Sullivan and Matt Murphy married each other in Dublin last week to avoid paying an inherence tax on the latter's property . The grooms have been friends for almost 30 years, and Michael is now Matt's carer. Matt doesn't have any next of kin, and wanted to hand down his house to Michael without paying any penalties.
These are the Bermuda offices of Appleby law firm, a company specializing in legal finance which was implicated in helping corporate giants like Apple avoid paying taxes overseas following the leak of the so-called 'Paradise Papers.' The 'Paradise Papers' reveal that Appelby helped tech giant Apple avoid paying billions in taxes by setting up a legal entity on the Channel Island of Jersey in a secret arrangement to find ways to avoid paying corporate tax.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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