Apple CEO Tim Cook flew to Ireland today to meet with the country's government officials and tour the company's corporate office. Although the meeting agenda was shrouded in secrecy, media reported Cook and the head of government discussed tax loopholes and a change in the Irish laws that should prevent firms like Apple and Google to avoid declaring tax residency in either the U.S. or Ireland.
A loophole in Ireland's corporate tax laws has enabled many of the world's top corporations to operate as virtually stateless firms, ungoverned by any nation’s taxing authority...