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Ireland's Kenny: Ireland Corporate Tax Regime Very Transparent

Ireland's tax regime for companies is clear, transparent, and enshrined in law, Taoiseach Enda Kenny said Wednesday, adding that the country is at the forefront of plans to build international standards on taxes."Ireland's corporate tax rate is statute based, very clear, and very transparent," he told reporters on his way into a meeting of European Union leaders. "We do not do special deals with any companies on any tax rate."He was asked about Apple Inc. (AAPL), which takes advantage of the country's long-standing low corporation tax regime. A U.S. Senate investigation revealed that, through its use of technicalities in Irish and U.S. tax law, but without doing anything illegal, Apple has paid little or no corporate taxes on at least $74 billion over the past four years.He said the EU hadn't been in touch about Apple's tax affairs."We have continued, and will continue, to compete for international business in the context of multinationals," he said. "Our country has had a stable corpo...

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