English | دری

Apple next in the list of low overseas tax payers

in International Business

Apple next in the list of low overseas tax payers

Apple is reported to have paid less than 2% corporation tax on its profits outside the US.

It is the latest in the list of companies, including Starbucks, Facebook and Google, that have paid the lowest overseas tax, having paid USD 713mn on foreign pre-tax profits of USD 36.8bn in the year to 29 September.

In the previous year, the companies paid a rate of 2.5%.

Apple channels much of its business in Europe through a subsidiary in the Republic of Ireland, which charges 12.5% compared with Britain’s 24%.

Related Articles

Japan’s Sony to ‘cut 10,000 jobs’

Sony Corporation has announced plans to cutting 10,000 jobs, about six per cent of its global workforce, according to media

Analysts on the effects of sanctions imposed against Iran

According to a western diplomat in Iran, western experts have estimated that Iranian state would run out of foreign currency

Top British insurance firm's CEO steps down

Aviva announces chief executive’s departure amid concerns for hefty pay for bosses perceived to be underperforming. Andrew Moss is to

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*