Mar 23, 2017
Apple 'paid no tax' in New Zealand for at least a decade
An investigation by the New Zealand Herald newspaper found Apple's local unit paid about NZ$37m in taxes since 2007 in Australia instead. Apple New Zealand's parent company is registered in Australia and the two countries have a treaty where tax is only paid in one jurisdiction. "We follow the law and pay tax on everything we earn, wherever we operate. Apple aims to be a force for good and we're proud of the contributions we've made in New Zealand over the past decade." Apple has been criticised by politicians including New Zealand Green Party co-leader James Shaw. New Zealand revenue minister Judith Collins recently announced plans to strengthen tax laws. In 2014 it was revealed that Apple shifts much of its international profits offshore to Ireland, which has a corporate tax rate of just 12.5%. However, the European Commission found the final tax paid by Apple amounted to a rate of less than 2%, which the Commission declared illegal.
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