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How Ireland got Apple's $9bn Australian profit via Singapore

elphie007 (2628145) writes | about 5 months ago

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elphie007 (2628145) 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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