Korea May Not Eat Apple's Double Irish with a Dutch Sandwich Tax Strategy
Apple employs a popular tax reduction scheme called a Double Irish with a Dutch Sandwich. The scheme is legal under Korean law. Some media sources, in Korea, have been engaging in a relentless assault on Apple, possibly, motivated by issues that Samsung is having in courts abroad. I worry that Korea will, again, harm its reputation abroad by engaging in some reactionary measures against Apple and other foreign competitors of Korean conglomerates. The Lone Star fiasco has done its damage and another handling of a matter in such a fashion may, again, damage the image of Korea as foreign-capital friendly