In the good old days of stateless companies and double Irish schemes, US multinationals used to stash the profits from worldwide sales in companies registered in Ireland but resident in zero-tax offshore jurisdictions – or nowhere at all, in the case that led Apple to the €13 billion EU state aid penalty still under appeal. The replacement Irish-centred structure established since by the Silicon Valley giant has just filed new accounts here. As in previous years, the consolidated filing by Cork-based Apple Operations International gives only a blurred picture of what is actually happening in Ireland. One set of accounts…

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