Apple, the tax piñata, settles to pay £136 million more after audit in the UK
by Daniel Petrov / Jan 10, 2018, 5:41 AM
Apple Europe, which is the core company providing administrative, financial, marketing and other support to various Apple subsidiaries, was accused of hiding revenue by artificially lowering the price for its services to said subsidiaries.
HM Revenue and Customs calculated that Apple Europe should have paid £136 million more in taxes up to 2015, on top of everything collected so far. Needless to say, Apple says it has complied with all tax laws that allowed it to do this, but issued the following statement on the £136 million settlement it reached with the UK's HMRC:
source: Financial Times
I always find it amusing to read things like largest taxpayer in the world. Well duh, almost every multinational is using tax evading tactics and Apple happen to be the one making the most revenue of them all. Of course it's the favorite of EU, especially since Apple even has more tax evading tactics compared to others.
posted on Jan 10, 2018, 6:00 AM 3
Posts: 93; Member since: Nov 15, 2017
Apple deserves to evade taxes, thats what blind ifans might say. Personally i think evading taxes is wrong.
posted on Jan 10, 2018, 7:43 AM 2
It might be legally sound, but morally absolutely not. While the double Irish with a Dutch sandwich is something almost every multinational did (and I believe it's the fault of the Netherlands and Ireland to allow this crap), Apple has done a lot more, like the deal they made with Ireland which now the EU is going after for billions in taxes.
posted on Jan 10, 2018, 8:00 AM 0
Posts: 542; Member since: Oct 16, 2011
That deal is the same deal, Rebel. They're back-taxed for the loophole Ireland set up that worked so nicely by having different parts of their management registered in different parts of the world. This UK investigation is an extension of that. They now want the money Apple tucked away in Ireland and on paradise island accounts. The next step will most likely be EU countries asking Ireland to hand over the money stowed away on Irish bank accounts. The offshore accounts in the Caribbeans they can most likely forget all about as they don't have any jurisdiction there.
posted on Jan 10, 2018, 8:08 AM 0
Posts: 3961; Member since: Nov 01, 2016
Apple - we always pay our fair share and legal obligation EU- what about this? Apple- oh ya, that too, sorry, here you go...
posted on Jan 10, 2018, 6:43 AM 12
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):