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 Delightful Tax deal: How Apple shifts its billions out of OZschwitz

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RR Phantom

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Delightful Tax deal: How Apple shifts its billions out of OZschwitz Vide
PostSubject: Delightful Tax deal: How Apple shifts its billions out of OZschwitz   Delightful Tax deal: How Apple shifts its billions out of OZschwitz Icon_minitimeWed Mar 05, 2014 9:40 pm
US tech giant Apple has shifted an estimated $8.9 billion in untaxed profits from its Australian operations to a tax haven structure in Ireland in the last decade, an investigation by The Australian Financial Review has found.

Delightful Tax deal: How Apple shifts its billions out of OZschwitz Art-Apple-620x349

Last year Apple reported pretax earnings in Australia of only $88.5 million after it sent an estimated $2 billion of income from its Australian sales to Ireland via Singapore, where Apple negotiated a secret tax deal in 2009.

Read more: http://www.smh.com.au/business/tax-deal-how-apple-shifts-its-billions-out-of-australia-20140306-347x9.html#ixzz2v9999yXk
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