Ireland is to close a tax loophole used by Apple

Ireland plans to shut a tax arrangement used by Apple to shelter $40bn (£25bn) from taxation. Apple, and other firms, have been able to funnel profits into Irish subsidiaries or "ghost companies" that had no declared tax residency anywhere in the world. via Pocket http://www.bbc.co.uk/news/business-24542794#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa