New filings from Apple’s Irish head office show that the company’s European operations earned $211.1 billion in revenue, of which it paid out $24.8 billion to its US parent.

View from Apple's latest Cork offices. Image Credit: CorkBeoView from Apple’s latest Cork offices. Image Credit: CorkBeo

Apple’s counts as one of Ireland’s biggest companies, because it funnels income from the company’s subsidiaries across Europe. Traditionally, it has done so in order to benefit from Ireland’s low tax rate, although that is now changing.

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