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Australia Businesses The Almighty Buck Apple Politics

How Ireland Got Apple's $9 Billion Australian Profit 288

Posted by samzenpus
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."
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How Ireland Got Apple's $9 Billion Australian Profit

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