23 minutes agoTax evasion, Apple, <x0inovatore” in this field
Periskopi(9 years ago)
(9 years ago)The most profitable company in the world has a new secret structure that enables them to continue to avoid billions of dollars in taxes. Documents of the “Parades Papers” scandal, most of which have not yet been reviewed, show how Apple avoided the 2013 operation against her suspicious tax practices in Ireland, by [...]
The most profitable company in the world has a new secret structure that enables them to continue to avoid billions of dollars in taxes.
Documents of the “Parades Papers” scandal, most of which have not yet been reviewed, show how Apple avoided the 2013 operation against her suspicious tax practices in Ireland, seeking a fiscal paradise.
BBC, one of the media that is examining among millions of “Paradice Papers”, says Apple transferred most of its wealthy money to the British Canal for 252 billion dollars.
The documents show that Apple, until 2014, had exploited a vacuum in US and Ireland's tax laws. This allowed the company to channel all sales outside America, currently 55% of the income, through its subsidiary in Ireland that do not belong to any country from a tax standpoint, paying almost nothing.
Instead of paying the 12.5% tax in Ireland and 35% in the United States, the secret structure created by Apple helped reduce sales tax abroad to 5% of total, which in some years decreased even below 2%.
The European Commission itself estimated that in one of these years, the profit tax for Apple companies in Ireland was only 0.05%. Apple has rejected those claims and says the new structure has not lowered the taxes the company pays and that the Appel remains the world's largest taxpayers.
Experts, meanwhile, say that while tax evasion is a crime, tax evasion through legal means and fiscal paradises is legitimate, and it is up to policymakers to close gaps in the laws.
