Apple paid only 2% corporation tax outside US

[Gerald]

Apple paid less that 2% corporation tax on its profits outside the US, its filing with US regulators has shown.

Apple paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of $36.8bn (£23.0bn), a rate of 1.9%.

It is the latest company to be identified as paying low rates of overseas tax, following Starbucks, Facebook and Google in recent weeks.

It has not been suggested that any of their tax avoidance schemes are illegal.

All of the companies do pay considerable amounts of other taxes in the UK such as National Insurance and raise large sums of VAT.

Apple's figures for foreign tax appear on page 61 of its form 10k filing with the Securities and Exchange Commission (SEC).

It had paid a rate of 2.5% the previous year.

Apple channels much of its business in Europe through a subsidiary in the Republic of Ireland, which has lower corporation tax than Britain.

But even Ireland charges 12.5%, compared with Britain's 24%.

http://www.bbc.co.uk/news/business-20197710


Note: 4 November 2012 Last updated at 14:08

[Platapus]

Much ado about nothing.

cf Unrepatriated Income

[yubba]

Well apple could just not sell it's products to the U.S . see if we could make the I- phone here in the states with union wages and corperate taxes at the 30%, you do the math.

[Catfish]

And, as another patriot asked:
How do you feel buying from communists ?
:O:

[August]

And, as another patriot asked:
How do you feel buying from communists ?
:O:

I haven't owned an Apple since they were made in the USA. :yep:

[Penguin]

And, as another patriot asked:
How do you feel buying from communists ?
:O:

It looks like they are the better Manchester capitalists: unhindered by evil, nasty things like worker rights, unions or enviromental laws.
Oh, how could I forget: freedom of markets inevitably leads to political freedom :rotfl2:

[yubba]

And, as another patriot asked:
How do you feel buying from communists ?
:O:
I buy weapons from commies, I feel pretty good knowing that I will have ammo and spare parts when they decide to invaded, first lesson learned in Red Dawn,,, WOLVERINES...

[August]

I buy weapons from commies, I feel pretty good knowing that I will have ammo and spare parts when they decide to invaded, first lesson learned in Red Dawn,,, WOLVERINES...

You strike me as the type of guy who would swallow the tracking device...