Locally-based companies have complained that it’s unfair that foreign companies pay little or no taxes in the country, saying that this creates ‘reverse discrimination’ against local brands. Samsung has been struggling to compete with Apple and Chinese brands, admitting to disappointing sales of its flagship Galaxy S9 smartphone …
Tax Stories August 2
Tax Stories November 7, 2017
Apple is once again being accused of tax avoidance. This time, it’s analysis of the so-called ‘paradise papers,’ a massive leak of financial documents relating to countries commonly used as offshore tax havens.
The BBC claims that, once Apple was unable to use an Irish tax arrangement to reduce its tax obligations, it looked for a similar arrangement elsewhere.
The world’s most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show.
They reveal how Apple sidestepped a 2013 crackdown on its controversial Irish tax practices by actively shopping around for a tax haven. It then moved the firm holding most of its untaxed offshore cash, now $252bn, to the Channel Island of Jersey.
This is just the latest in a long history of tax avoidance allegations against the company …
Tax Stories August 17, 2017
Irish government says it will collect the €13B ($15B) back-tax from Apple but under protest
The Irish government has said that it will comply with an EU ruling and collect €13 billion in back-tax from Apple, but is doing so under protest …
Tax Stories July 13, 2017
A French court has ruled against the country’s own tax authority, and decided that Google need not pay a €1.11B ($1.27B) tax bill. Although the ruling so far applies only to Google and only in France, it sets a precedent that could influence other cases in Europe.
In particular, the case has striking similarities to that involving Apple …
Tax Stories March 21, 2017
Apple has come under fire in New Zealand after it was revealed that it had paid no tax whatsoever in the country for the past decade, despite selling more than NZ$4.2B ($2.96B) worth of products in the country. The NZ Herald said that the company’s tax arrangements had been criticized by parties across the political spectrum.
Green Party co-leader James Shaw said Apple was not paying its fair share. “It is absolutely extraordinary that they are able to get away with paying zero tax in this country. I really like Apple products – they’re incredibly innovative – but it looks like their tax department is even more innovative than their product designers,” Shaw said …
Tax Stories November 9, 2016
Irish government formally submits appeal against €13B Apple tax ruling
The Irish government is today formally appealing against a European Union ruling that it should have claimed an additional €13B in tax from Apple, which has its European headquarters in the country. The EU ruled that offering Apple a sweetheart tax rate of just 2.5% amounted to illegal state aid.