Tuesday 16 January 2018

Austerity, Apple and America: what we all learned this week

Apple chief executive Tim Cook: the US Senate’s report on firm’s tax activities says an Irish-based subsidiary reported a net income of $30bn (€23.33bn) from 2009 to 2012 and paid no tax on any of that money
Apple chief executive Tim Cook: the US Senate’s report on firm’s tax activities says an Irish-based subsidiary reported a net income of $30bn (€23.33bn) from 2009 to 2012 and paid no tax on any of that money

APPLE is the sexiest company on planet Earth. Its tax affairs are in the spotlight both because of Apple's sheer size, and also because political posturing against semiconductor companies would fall flat in the media.

Apple, like almost all multinational companies, uses the different taxation systems of the world to make the most money for its shareholders.

No one is suggesting Apple did anything illegal in trying to pay as little tax as possible. For example, recently Apple sold bonds worth $17bn (€13.2bn) in the world's largest corporate debt sale to cash return for shareholders.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss