Apple ‘set up a secret structure in Jersey to avoid paying billions of pounds in tax’

Apple ‘set up a secret structure in Jersey to avoid paying billions of pounds in tax’
 

Apple set up a secret structure in Jersey to avoid paying billions of pounds in tax, the Paradise Papers allege.
Full details are yet to emerge but the company moved from Ireland in 2014 after the government there launched a crackdown on the low rates enjoyed by stateless companies.
In March of that year it asked offshore finance firm Appleby if it was possible ‘to obtain an official assurance of tax exemption’.
It also wanted to know whether an Irish company could ‘conduct management activities… without being subject to taxation in your jurisdiction’.
The BBC has also reported that... read more

 
6 November 2017 in Hot News, Views: 45
Source: Metro
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