How Ireland Got Apple's $9 Billion Australian Profit

elphie007 writes "An investigation by The Australian Financial Review has discovered how from 2002 to 2013, Apple has shifted approximately $AU8.9 billion of revenue generated in Australia to Ireland, via Singapore. The article states that last year alone, Apple Australia paid only $AU88.5 million in tax, or 0.044% of estimated potential tax liabilities. What's more, the Australian Tax Office has agreed that this arrangement is acceptable under Australian law."

Comments

Re:Remember Legal != Moral

[causality]

It's not cheating if the ones making the rules (The Aussie government) says it's perfectly legal.

It makes me wonder exactly when and how those rules got onto the law books, how they were sponsored, and what relationship the supporting politicians had with the major corporations of that time.

There are lots of ways to cheat that are legally legitimate.