Ireland is reportedly looking at closing the "Double Irish" loophole that allows multinational...

|By:, SA News Editor

Ireland is reportedly looking at closing the "Double Irish" loophole that allows multinational companies to keep their tax bills low by funneling their profits through two linked Irish subsidiaries. Apple (AAPL) is one beneficiary, and another is Google (GOOG), which enjoys what's called a "Double Irish Dutch sandwich" whereby its Irish operations make tax-deductible payments to a Bermudan subsidiary via a Dutch affiliate.