UK govt under pressure to investigate Apple tax payments

Monday 9 April 2012 | 09:48 CET | News
Apple is facing a tax crackdown in the UK after it emerged that the company had paid only GBP 10 million in British tax in 2010, reports The Telegraph. Accounts for its three main UK subsidiaries show that it paid GBP 10.3 million in corporate tax in the year top 25 September 2010. Its UK sales are expects to account for one tenth (or around GBP 6 billion) of its global sales, which reached USD 100 billion (GBP 63 billion) in the last financial year. Tax experts now expect HMRC to investigate the company's structure and tax payments.

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Categories: Mobile & Wireless
Companies: Apple
Countries: United Kingdom
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