“Apple Inc.’s China branch has been fined 50,000 yuan ($7,595) as a company with ‘serious dishonest acts’ for suspected tax evasion, media reported,” Global Times reports.
“According to 21st Century Business Herald on Wednesday, the Beijing-based branch company was listed as ‘seriously dishonest’ by the Bureau of Statistics of Beijing in December 2015 along with three other companies,” Global Times reports. “The bureau said on its website that Apple’s branch company has made relatively big mistakes in its reports on its financial situation as well as on commodity purchases, sales and storage in 2014.”
“Specifically, wrong data was found in the current year value-added tax, staff salaries and annual commodity sales and the company was hence given a warning and fined 50,000 yuan, the newspaper reported, citing the bureau,” Global Times reports. “‘The mistake in value-added tax could possibly reflect Apple’s tax evasion,’ said National Business Daily (NBD), noting that it is yet unknown whether or not Apple’s branch company has evaded tax but tax authorities should not be relaxed in their supervision of this world-class company. In September 2015, Apple’s China branch was found to have paid 452 million yuan less in tax, the NBD reported.”
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MacDailyNews Take: Poppycock.
Apple’s most egregious “crime?” The company’s adamant refusal to dole out kickbacks and other assorted bribes to anyone at any time.