Re:Apple to Pay £3.8m Tax on £1.2bn UK Sales
by wlll on Monday July 01, 2019 @10:36AM
(#20325641)
Does anyone really believe that Apple only made £33.7m profit? I don't, it's far more likely that they shunt money to other companies in tax light areas like most large companies have been doing for the last many many years.
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Re:Apple to Pay £3.8m Tax on £1.2bn UK Sales
by mcphage on Monday July 01, 2019 @10:47AM
(#20325767)
> Does anyone really believe that Apple only made £33.7m profit?
Apple as a whole? Definitely not. Apple as in the UK division? I don't even know. Which is to say: also definitely not, but I don't even know if "profit" for a division of a company like that is a well-defined term. Profit is money received - money spent, but they don't make the phones in the UK, they don't design the phones in the UK, so how much should they have made?