From Apple’s email this afternoon:
As of September 25, 2016, iTunes S.à r.l. will complete its merger with Apple Distribution International in Cork, Ireland and will relocate its business from Luxembourg to Cork in early 2017.
Apple has been operating in Ireland since 1980 and now employs nearly 6,000 people. As we continue to expand our operations in Cork, we are moving our iTunes business there and will support content stores for more than 100 countries from our campus at Hollyhill.
This move was originally announced back in June. From this 2012 article in the New York Times:
Luxembourg has just half a million residents. But when customers across Europe, Africa or the Middle East — and potentially elsewhere — download a song, television show or app, the sale is recorded in this small country, according to current and former executives. In 2011, iTunes S.à r.l.’s revenue exceeded $1 billion, according to an Apple executive, representing roughly 20 percent of iTunes’s worldwide sales.
Obviously, that information is dated, but it gives a sense of the importance Luxembourg operations have to Apple. Not clear how this will impact Apple’s current tax negotiations with the European Commission.
iTunes originally went to Luxembourg because at the time, the VAT applied to digital sales in EU was that of the shop’s country: Luxembourg (which had EU’s lowest VAT). The rule changed last year and iTunes now has to collect VAT from the customer’s country… there’s no point keeping activity in Luxembourg then.
I suspect there’s not a single Apple employee that has resided in Luxembourg for employment purposes.
Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj279d:
On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
!mj279d:
➽➽
➽➽;➽➽ http://GoogleFinancialJobsCash289HomeUSAGetPay$97Hour… ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★::::::!mj279d:….,….