According to the dailymail Apple is now under scrutiny over it’s financial operations in the UK. They are accused of hiding behind Irelands 12.5% corporate tax, as well as the British Virgin Islands to avoid the heftier 24% tax of the mainland.
It is estimated that Apple has made £6billion in revenue in this country, but the tax man got only 0.17% of that.
It is too early to tell what is really going on. I doubt Apple is lying to the taxman, as much as they are using every possible legal loop or manoeuvre to pay less.
A lot of people are going to get upset over this. I reserve my judgment for now. But I will say this: before you go on slamming any company over these issues, just imagine if you’re iDevices suddenly cost 10-20% more, because you bet the cost would be handed over to us, the buyers.
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