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Anorak | Apple Really Is Dodging Taxes You Know!

Apple Really Is Dodging Taxes You Know!

by | 29th, October 2013

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THERE’S been intensive debate….well, let’s call that screaming matches….about whether Apple is avoiding tax or not. Everyone points to the Double Irish with a Dutch Sandwich as irrefutable proof that they’re skiving swine.

The thing is that this isn’t tax avoidance. It’s most certainly not tax evasion for as all agree it’s wholly and entirely legal. But it’s not even tax avoidance: for this is how the corporate tax system is set up to work: this is how it was designed. Companies, when they sell overseas, are taxed on the profits they make in their home country. That’s it, that’s all. And Apple will indeed be taxed on their overseas profits as and when they take those profits back into the US. That’s also just it: there is no more to the story than

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Posted: 29th, October 2013 | In: Money, Technology Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink