Apple is one of the many profitable technology companies in the world.It has avoided billions in taxes in the United States and around the world through a web of subordinates.Some of these subordinates had no employees and were largely run by top officials from the company’s headquarters in Cupertino.
As Apple official place is located in Ireland, Apple was able to make them stateless exempt from taxes, record-keeping laws and the need for the subsidiaries to even file tax returns anywhere in the world.
Apple’s offshore network is a subsidiary named Apple Operations International, which is incorporated in Ireland but keeps its bank accounts and records in the United States, and holds board meetings in California.
In 2011, a subordinate paid Ireland only one-twentieth of 1 percent in taxes on $22 billion on pretax.It has created offshore(Located in another country, esp. one having low rates of tax) entities holding tens of billions of dollars while claiming to be tax resident.
Apple’s tax avoidance efforts shifted at least $74 billion from the reach of the Internal Revenue Service between 2009 and 2012, The cash remains offshore, but Apple could still have to pay taxes on it to American authorities if the company were to return the money to its coffers in the United States.
Investigators have not filed case against law,because the company is only American multinational to face scrutiny for using complex corporate structures and tax havens to sidestep taxes.
As Apple official place is located in Ireland, Apple was able to make them stateless exempt from taxes, record-keeping laws and the need for the subsidiaries to even file tax returns anywhere in the world.
Apple’s offshore network is a subsidiary named Apple Operations International, which is incorporated in Ireland but keeps its bank accounts and records in the United States, and holds board meetings in California.
In 2011, a subordinate paid Ireland only one-twentieth of 1 percent in taxes on $22 billion on pretax.It has created offshore(Located in another country, esp. one having low rates of tax) entities holding tens of billions of dollars while claiming to be tax resident.
Apple’s tax avoidance efforts shifted at least $74 billion from the reach of the Internal Revenue Service between 2009 and 2012, The cash remains offshore, but Apple could still have to pay taxes on it to American authorities if the company were to return the money to its coffers in the United States.
Investigators have not filed case against law,because the company is only American multinational to face scrutiny for using complex corporate structures and tax havens to sidestep taxes.
