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Apple paid no UK corporation tax in 2012

Posted By admin On July 1, 2013 @ 5:38 am In Money Watch | Comments Disabled

Financial Times [1]
July 1, 2013

Apple did not pay UK corporation tax last year, according to its latest filings, which are likely to underline the controversy over the US tech giant’s tax planning [2].

In May, a US Senate committee highlighted Apple’s overseas tax rate of less than 2 per cent, which it said reflected its ability to shift profits into Ireland.

Tax deductions from share awards to employees helped wipe out the corporate tax liabilities of the UK subsidiaries in the year to September 2012. In the previous year, the tax reported by the UK subsidiaries was £11.4m.

Full article here [1]


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URLs in this post:

[1] Financial Times: http://www.ft.com/cms/s/0/13273fae-e1a3-11e2-95c1-00144feabdc0.html#axzz2XmxTam1v

[2] controversy over the US tech giant’s tax planning: http://www.ft.com/cms/s/0/9d3e8e8c-c177-11e2-b93b-00144feab7de.html

[3] Globalist corporation Apple pays virtually NO tax in any country: http://www.prisonplanet.com/globalist-corporation-apple-pays-virtually-no-tax-in-any-country.html

[4] Barclays bank forced to admit it paid just 1% in corporation tax in 2009: http://www.prisonplanet.com/barclays-bank-forced-to-admit-it-paid-just-1-in-corporation-tax-in-2009.html

[5] Apple avoids potential $9bn tax bill: http://www.prisonplanet.com/apple-avoids-potential-9bn-tax-bill.html

[6] Check Out How Apple Brainwashes Its Store Employees–Turning Them Into Clapping, Smiling Zealots: http://www.prisonplanet.com/check-out-david-segals-description-of-what-happens-when-you-arrive-include-that-section.html

[7] IT’S OFFICIAL: Apple Has Brainwashed The Whole Country — How Else To Explain The Lack Of Outrage Over Apple’s Secret Location Tracking?: http://www.prisonplanet.com/its-official-apple-has-brainwashed-the-whole-country-how-else-to-explain-the-lack-of-outrage-over-apples-secret-location-tracking.html

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