If the Irish government's plans come together, the tax loophole that Apple, Microsoft, Google and other companies have been using for years will be closed up. Reuters and other news services are reporting that the Irish Government intends to close the loophole, although another will remain.
Last May, a US Senate investigation revealed that Apple had sheltered billions in assets by declaring companies registered in the Irish City of Cork as not tax resident in any country.
Michael Noonan, the Irish Finance Minister declared Tuesday that he was going to make it against Irish law for an Irish-registered company to have no tax domicile anywhere.
Apple and the other companies could still avoid big tax bills by nomi
