Apple goes offshore shopping
Apple has denied the claim that it moved profits from Ireland to reduce its tax bill
“We pay all of the taxes we owe. Every single dollar.”
Technically he is correct. Apple, like many of the other companies and entrepreneurs that have been named in the Paradise Papers and the Panama Papers before them, are using legal tax law loopholes to pay less tax. This is completely legal. But that is not to say it is ethical.
To recap, up until 2014, the tech giant had been exploiting Ireland’s tax law...
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