Computer giant Apple avoiding $25 billion in taxes with secret Irish tax haven
Computer giant Apple has been accused of using offshore operations in Ireland to avoid billions of dollars in US taxes. The total for Ireland may be as high as $25 billion over the past three years
It says Apple was incorporated in Ireland in 1980 and reported income totalling $30 billion from 2009-12.
A second Irish subsidiary, Apple Sales International, which the computer manufacturer claims is also not tax-resident anywhere, had sales revenue of $74 billion over the same period.
The report adds that the subcommittee claims that the iPhone and iPad manufacturer has negotiated a tax rate of less than 2 per cent with the Irish Government. This is significantly lower than the State’s 12.5 per cent corporate tax rate.
I am a left wing begrudger living in a miasma of hate against those who have get up and go and want to make something of themselves and am therefore not qualified to speak
So can someone of a more right wing disposition please explain to me how the above is right.......morally...............legally........e conomically..............spiritually.......philoso phically.
Thanks very much
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