Falling Far From The Tree

at

14.03.05-Australia

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.

Apple pays $193m tax in Australia on $27b revenue as Federal Government vows to capture lost taxes (ABC)

Thanks Mark Geary