Wednesday, November 25, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
HP Profit Lower Than Expected
Police Arrests Fifth Suspect In TalkTalk Hack Investigation
Toshiba Develops Fast 3D Metal Printer
ECS LIVA X2 Mini PC Runs Windows 10
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Apple S...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 06, 2014
Apple Said To Offshore Billions To Ireland To Avoid Australia Tax

US tech giant Apple has shifted an billions in untaxed profits from its Australian operations to a tax haven structure in Ireland in the last decade, an investigation by The Australian Financial Review has found.

The Australian paper has obtained 10 years worth of financial accounts for Apple Sales International, the "secretive" Irish company at the heart of Apple's international tax arrangements, which reveal the mark-up Apple charges for intellectual property on its products around the world.

The newspaper said the US tech giant moved an estimated Aus$8.9 billion (US$8.1 billion) in untaxed profits from Australia to Ireland, paying just 0.7 percent of its turnover in tax.

From 2010 Apple began re­routing its sales to Australia from Apple Sales International via a new Singapore subsidiary, Apple South Asia Pte Ltd, the paper added.

Financial Review added that last year Apple reported pretax earnings in Australia of only $88.5 million after it sent an estimated $2 billion of income from its Australian sales to Ireland via Singapore.

Apple Sales International has reported more than $US100 billion ($112 billion) of profits in the last five years. Its accounts show it has paid less than 50? in tax on every $1000 of income.

Apple Sales International and its parent, Apple Operations International, pay no tax in Ireland, according to Irish law, because they are managed and controlled in California. They pay no US tax either because US law disregards where a company is managed and only looks at where a company is legally registered.

Apple in Australia has not provided any comment.

GIGABYTE Presents 2011 Socket Board With Integrated 10 Gigabit Ethernet        All News        DirectX 12 Unveiling Set For This Month
Fujitsu Field Trial Records 400 Gbps and 800 Gbps Networking Speed     General Computing News      Mozilla Introduces The mozjpeg Encoder

Get RSS feed Easy Print E-Mail this Message

Related News
Apple To Brings Apple Pay To China
Apple To Shut Down Beats Music
Apple Plans To Offer Person-to-person Payment Service: report
Apple Announces 1000 New In Ireland, Gets Ready For Tax Ruling
iPad Pro Available to Order Online Wednesday
iPhone, Apple Watch And App Store Drive Apple's Revenue Growth
Apple To Promote Low-Carbon Manufacturing in China
Tim Cook Talks About Apple Music, Apple TV And Apps
Apple Faces Damages Over Chip Technology Patent Infringement
Apple Ads Retina Displays To All iMac Family
Apple Removes Apps From Online Store
Apple's iBooks To Offer Enhanced Editions of Harry Potter Series

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .