Apple announces 1,000 new jobs in Ireland as EU tax ruling nears.

REUTERS/Beck Diefenbach.

DUBLIN (Reuters) - Apple's chief executive said a looming European Union tax ruling on its dealings with Ireland would not affect its presence in the country where it declares much of its overseas profit and where it added 1,000 new jobs on Wednesday.

The EU last year accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs.

A decision on whether the tax deal with Apple constituted unfair state aid is due after Christmas, Finance Minister Michael Noonan told journalists on Wednesday. It could force Apple to pay substantial back taxes.

"You can tell by our announcement today, we're all in," Chief Executive Tim Cook told Irish national broadcaster RTE in an interview when asked if it would scale back its Irish operations if EU regulators ruled against it.



Full story at Yahoo News.
By Conor Humphries and Padraic Halpin.