“Apple paid a paltry £10 million in UK corporation tax in the last financial year, despite earning an estimated £6 billion in the country over the period,” Ruth Sutherland reports for The Daily Mail. “It is the latest technology firm to be accused of avoiding UK tax, following Amazon and Google.”
“Apple runs a significant operation from an industrial estate in Cork, in the Republic of Ireland, taking advantage of its ultra-low rate of corporation tax,” Sutherland reports. “At just 12.5 percent, the Irish charge is just over half the 24 percent rate in the UK.”
Sutherland reports, “Documents from one of its two main UK divisions, Apple Retail UK Ltd, show it paid tax of just £3.79million on sales of more than £500 million in the year to September 2010, the latest accounts available. Another subsidiary, Apple (UK) Ltd, paid £6.1 million in tax on sales of just under £69 million.”
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