The consortium that bought the Clerys store in Dublin for €29 million is trying to lure Apple to open a flagship retail outlet on the ground floor of the site, according to The Irish Times.
It would be the first Apple retail store in the country. The company has 482 retail stores in 18 countries and an online store available in 39 countries.
However, no deal has been agreed and Apple hasn’tcommitted to opening an Apple Store in Dublin. Yet several sources have said Natrium continue to pursue an agreement with Apple, which is famed for its upscale, destination retail outlets in high-profile locations, according to The Irish Times.
Apple could use a bit ‘o Irish luck. The EU, Europe’s anti-trust and consumer investigation agency, has claimed that Ireland, Luxembourg and the Netherlands have attracted investment and jobs by helping big companies avoid tax in other countries, including EU members. The commission suspects Ireland was too lenient in rulings it gave to Apple and which helped the company shield tens of billions of dollars in profit from taxation. At 12.5%, Ireland’s corporate tax rate beats the U.S. rate of 35%. However, participating companies don’t pay that 12.% under the double Irish structure.