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

Pakistan to award gas pipeline contracts to Russia

 Pakistan agreed to award Pakistan-Iran and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline projects to Russia without any bidding process. The agreement will

Standard Chartered shares dropped post allegations

Shares of UK’s Standard Chartered Bank plunged after the bank was alleged for laundering Iran’s money. Shares in London fell

Data on bond purchases by Bank of Cyprus missing

Investigators have found that key data about bond purchases by bank of Cyprus are missing, with gaps discovered in computer

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Your e-mail address will not be published.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*

Time limit is exhausted. Please reload the CAPTCHA.

cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china