Apple and Taxes
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- Apple Avoided Taxes By Creating Three Offshore Corporations In Ireland, A Known Tax Haven.[1]
- Apple Used A “Cost-Sharing Agreement” With Its Irish Subsidiaries, Which Transferred Part Ownership Of Intellectual Property Created In The U.S. To Ireland To Avoid Paying Taxes In The U.S.
- Apple Also Used A Tax Loophole Which Allowed them To Declare To The IRS That Its Three Offshore Subsidiaries Were One Company.
- Forbes: Apple “Has Become Famous Over The Years For Deploying Legions Of Accountants To Devise Offshore Tax Avoidance Mechanisms With Names Like ‘Double Irish With A Dutch Sandwich.’”
- July 2020: An EU Court Ruled That Apple Would Not Have To Pay Ireland $14.8 Billion In Back Taxes, Which Overturned A 2016 Ruling That Apple Had Been Giving Illegal Tax Breaks By Dublin.
- Fair Tax Mark Reported That Apple Had The Fifth Biggest Tax Gap Of The Six Companies Examined In Its Study.
- 2010 To 2019: Apple Paid $93.8 Billion In Income Taxes On $548.7 Billion In Profits After Taking In $1,888 Billion In Revenue.
- Apple’s Cash Tax Paid Amounted To 17.1 Percent Of Its Profits, Despite A Federal Headline Tax Rate Of 35 Percent In The United States.
