Ireland Denies Senate Claim Of Special 2 Corporation Tax Deal For Apple Link To Live Coverage

Update: Live coverage of the Senate hearing on Apple’s offshore tax practices is above.

As things heat up in the row on alleged tax avoidance by Apple, Ireland has denied a claim made by the Senate Permanent Subcommittee on Investigations that it had agreed a special deal with the company to allow it to pay corporation tax of just 2% on its Irish earnings.

The denial was made to Yahoo! Finance reporter Conor Humphries:

This appears to flatly contradict a statement by the Senate subcommittee that accused Apple of …

Apple yesterday published its testimony to the committee, which states:

There is no direct reference to the 2% claim in Apple’s testimony, but it will almost certainly be addressed when Tim Cook appears before the subcommittee later today. C-SPAN is covering the hearing live – which is now underway.