Sunday December 15, 2019

Apple goes offshore shopping

Apple has denied the claim that it moved profits from Ireland to reduce its tax bill

16th November, 2017
2
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.

“We pay all of the taxes we owe. Every single dollar.”

Sound familiar? Actually, at this rate, this line is all too familiar.

That quote is from Tim Cook, Apple’s chief executive responding to questions from the US Senate about Apple’s tax practices back in 2013.

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