Apple, the tax piñata, settles to pay £136 million more after audit in the UK

Apple, the tax piñata, settles to pay £136 million more after audit in the UK
Apple, the European authorities favorite tax piñata, is getting hit with another bill shock, this time after "an extensive audit" done by Her Majesty's Revenue and Customs in the UK. 

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:

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10 Comments

1. RebelwithoutaClue unregistered

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.

4. daniyal_05

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.

5. RebelwithoutaClue unregistered

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.

6. HansP

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.

7. RebelwithoutaClue unregistered

No that deal isn't entirely the same, only part of it is (those loopholes). But Apple also made another deal back in 1991 that according to the EU wasn't legal.

2. cmdacos

Posts: 4270; 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...

3. SIGPRO

Posts: 2817; Member since: Oct 03, 2012

Apple pays only 1% income tax, they are liars and thieves!

9. ph00ny

Posts: 2055; Member since: May 26, 2011

Probably not the entire amount since typical tax settlement is less than what they're supposed to pay with a good legal representation

8. Sania

Posts: 97; Member since: Nov 04, 2017

The infamous tax-evading criminal apple...

10. rouyal

Posts: 1583; Member since: Jan 05, 2018

Every country wants a slice of that American pie

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