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Posted by on Jul 1, 2013 in Economy |

Apple did not pay taxes in the UK in 2012 despite gains

Apple did not pay taxes in the UK in 2012 despite gains

(CC) andylangager

According to Financial Times , Apple found a new method to avoid paying in the UK, because despite a profit of U.S. $ 103.6 million last fiscal year ending in September 2012, Apple has not paid a penny in taxes to the authorities in the UK in 2012, although the previous year paid about $ 17 million in taxes.

For its report, the newspaper cites documents that the Cupertino company gave the English authorities, which describes the method used to avoid paying taxes was to deliver millions of dollars in shares as a reward for their employees, and how those awards are deductible, able to deduct all the taxes they should have paid for their profits earned in 2012.

The company, like many other of technological item, this last time has received much criticism from governments because of the various techniques used to circumvent tax (ie, in a completely legal) tax payments. In fact, the company has saved to pay at least U.S. $ 74,000 million in taxes to the U.S. government to not repatriate their profits worldwide.

Links:
Apple paid no UK corporation tax in 2012 (Financial Times)
Apple paid no UK corporation tax in 2012 (Telegraph)

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