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How Ireland Got Apple's $9 Billion Australian Profit

Posted by samzenpus on from the letter-of-the-law dept.

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."

1 of 288 comments (clear)

  1. Re:Apple / Google / etc by SJHillman · · Score: 5, Interesting

    I'm not sure that makes any sense. The article is about how this was a perfectly legitimate tax strategy. And if the world has their eye, that means Apple/Google/etc are watching everything... not the other way around.