Re:Paradise Papers: Dear Tim Cook
by Ixio on Wednesday November 08, 2017 @07:16AM
(#15651647)
> It's what they sell outside of the US that they don't pay, but they do pay in those other countries.
Except they don't. The open letter says "What these filings also show is that since 2010, Apple’s foreign-earned income has been taxed at a rate of between 1 and 7 percent" however in Europe most countries have a corporate tax rate around 20% (cf https://en.wikipedia.org/wiki/Tax_rates_in_Europe).
For Germany it looks like Apple is paying at least ten times less taxes than it should.
Except they don't. The open letter says "What these filings also show is that since 2010, Apple’s foreign-earned income has been taxed at a rate of between 1 and 7 percent" however in Europe most countries have a corporate tax rate around 20% (cf https://en.wikipedia.org/wiki/Tax_rates_in_Europe).
For Germany it looks like Apple is paying at least ten times less taxes than it should.