Apple Sales International, the Irish-based entity in charge of Apple’s international tax dealings, has never filed financial returns with the Companies Registrations Office in Dublin, but reported over $100 billion in profit over the last five years while paying less than 50 cents in tax on every $1,000 of income…
“If I pay $600 for an iPad in Australia, then $550 is paid to Apple Ireland and out of the $550, $220 is not taxed anywhere in the world,” said Antony Ting, a senior lecturer in taxation law at Sydney University.
Thanks Mark Geary
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