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Irish city nervous about EC probe of Apple

Mayor sees huge economic damage if tax deal turns out to be illegal state aid
Monday, October 6, 2014 - 05:50

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DIGGING IN: Apple has reportedly been paying an effective corporate tax rate of as little as 2%, far below Ireland's already competitive rate of 12.5% - a widely criticised deal that has been repeatedly defended by Dublin.

CORK, Ireland

PERCHED on top of a hill overlooking the Irish city of Cork, surrounded by a dated industrial estate, Apple's European headquarters is an unlikely base for the world tech giant - now under growing scrutiny over its local tax arrangements.

The company has been in Cork

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