How Companies From Apple To Pfizer Use Ireland To Dodge Taxes

A range of U.S. businesses store intellectual property in Ireland due to a favorable business environment built on low corporate taxes. Examples are common in the technology and pharmaceutical industries. In recent years, a global push to establish minimum corporate tax rates led Ireland to revise its codes. But loopholes remain, urging officials in the U.S. to re-examine this long-standing relationship. Chapters: 00:00 Introduction 01:29 Chapter 1: Intellectual property 04:15 Chapter 2: The double Irish 07:00 Chapter 3: Corporate tax revenue 08:13 Chapter 4: Tax policy Produced and Edited by: Carlos Waters Additional Editing by: Andrea Miller Senior Director of Video: Lindsey Jacobson Graphics: Jason Reginato, Andrea Schmitz Additional footage: Getty Images Additional sources: European Commission, Hawksford, Hofstra University, KBKG, Intuit TurboTax, Peterson Institute for International Economics, Tax Policy Center » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Do you want to buy a home but don’t know where to begin? Take CNBC’s new online course How to Buy Your First Home. Register today and use coupon code EARLYBIRD for an introductory discount of 30% off $97 (+taxes and fees) through July 15, 2025: https://cnb.cx/3STNNhr Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How Companies From Apple To Pfizer Use Ireland To Dodge Taxes