Ireland's Tax Reliance and US Sanctions on International Criminal Court Judges
What happened
A filing highlighted Ireland's dependence on multinational corporations for corporation tax, noting that Apple Inc. and Microsoft contribute 98 per cent of the tens of billions collected. Separately, a French judge of the International Criminal Court stated that the rule of law is at stake due to US sanctions targeting ICC judges.
From irishtimes.com
Why it matters
The concentration of corporation tax revenue in Ireland, primarily from Apple Inc. and Microsoft, raises questions about the stability of the state's tax base. The US sanctions against the International Criminal Court judges present a challenge to the institution's operational integrity.
From irishtimes.com
Who's involved
- IrelandSovereign state facing dependence on multinational tax revenue
- Apple Inc.Multinational technology company contributing a large share of Ireland's corporation tax
- International Criminal CourtInternational tribunal facing US sanctions
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Revenue CommissionersSpeculative
The Revenue Commissioners might see their multinational tax base threatened by global instability.
- EuropeSpeculative
Europe might face challenges to its economic stability due to reliance on concentrated multinational tax revenue.
Keep exploring
The entities involved
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Ireland
sovereign state in Northwestern Europe
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Apple Inc.
American multinational technology company based in Cupertino, California
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International Criminal Court
intergovernmental organization and international tribunal