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

UK in landmark £50m pork deal with China

The UK has agreed a £50m trade deal to sell British pork to China, the world’s biggest market for pig

Japan's exports ready to take off

Japan has witnessed its highest annual rise in exports sector for three years. Exports rose by 18.6% in the year

Taiwanese flat screen maker fined in US for price fixing

Taiwan’s biggest flat screen maker, AU Optronics, has been fined USD 500mn for colluding with rival manufacturers to keep the

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Your e-mail address will not be published.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*