Apple pulled out of Australia USD $ 8,060 million

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Apple pulled out of Australia USD $ 8,060 million

Apple pulled out of Australia USD $ 8,060 million
Apple pulled out of Australia USD $ 8,060 million

the Tittle of this post is “Apple pulled out of Australia USD $ 8,060 million in recent years without paying taxes“. For the first time achieved a means to quantify the massive tax avoidance through Apple Ireland.

 

Much is said about the techniques used by large technology companies to avoid paying taxes in the various countries where they have their business.

One of the most used by large companies as technical Google , Yahoo! andApple is the “Double Irish” and is that instead of receiving the money from their profits in their respective countries, the companies send their subsidiaries Ireland due to the very low taxes on the island.

So far, no one had been able to determine the dimensions of these financial movements, which caused great controversy revelations of the  Australian Financial Review , who determined that Apple has sent USD $ 8,060 million of its profits from Australia to Ireland in the last 10 years to avoid paying the taxes that enormous figure .

 

Apple pulled out of Australia USD $ 8,060 million
Apple pulled out of Australia USD $ 8,060 million

Meanwhile, the subsidiary role the company has in Ireland, Apple Sales International, has never filed financial statements with the tax authority, but reported a USD $ 100,000 million in profits in the last five years, paying less than 50 cents per $ 1,000 USD revenue.

Another fact revealed AFR is that Apple reported revenues in Australia for $ 88.5 million last year, but sent a USD $ 2,000 million in revenue via Singapore to Ireland in the same period , as Apple signed a secret tax agreement with the small country in 2009.


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