How Apple gets Rich - Don't Pay Taxes

In order to minimize corporate taxes Apple moved their official European headquarters to Ireland instead of Britain.  Britain has a tax rate of 20% while Ireland is only 12.5%.  However Apple negotiated a special corporate tax rate with the Irish government of only 2.5%.  Last year Apple made $2.6B profit in the UK but only paid $17M in taxes.  Apple makes $17M in global profits every 2 hours!  No wonder the EU is taking Apple to court for illegal accounting practices. 

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Sunday, 22 July 2018