Apple Pays Only 2% Corporate Tax Outside US

New submitter dryriver writes with this snippet from the BBC: "Apple paid only $713m (£445m) Tax in the year to 29 September on foreign pre-tax profits of $36.8bn (£23.0bn), a remarkably low rate of 1.9%. Apple channels much of its business in Europe through a subsidiary in the Republic of Ireland, which has lower corporation tax than Britain. But even Ireland charges 12.5%, compared with Britain's 24%. Apple is the latest company to be identified as paying low rates of overseas tax, following Starbucks, Facebook and Google in recent weeks. It has not been suggested that any of their tax avoidance schemes are illegal. Many multinational companies manage to pay substantially below the official corporation tax rates by using tax havens such as the Caribbean islands."

Comments

Re:Let's hear it for the beancounters

[neo8750]

Oh wait... that's not anti apple.... How rude of me.

Now you're getting it!

Re:Let's hear it for the beancounters

[Anonymous Coward]

Are you suggesting I should be happy about their ability to manipulate the situation so I get to pay for their infrastructure?

Certainly. There's no greater joy than helping Apple's growth. It's Jobs' will. You must now head to the nearest Apple Store to be cleansed of your sins. Two new iPads should do it.

Re:Let's hear it for the beancounters

[Hewligan]

You're right! We should all stop buying Apple products because of their tax evasion. Anything else would be blatant fanboy-ism, probably caused by some sort of reality distortion field.

Now I just have to decide which of the many technology companies who gladly pay their fair share of taxes to choose from...