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Submission + - How Ireland got Apple's $9bn Australian profit via Singapore (afr.com)

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 kosher under Australian law. I think I need a new accountant.
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How Ireland got Apple's $9bn Australian profit via Singapore

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"The urge to destroy is also a creative urge." -- Bakunin [ed. note - I would say: The urge to destroy may sometimes be a creative urge.]

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