Tiny £10million tax bite out of Apple's estimated £6billion UK sales last year
Posted in: Government & Policy at 11/04/2012 17:24
Apple paid a paltry £10million in UK corporation tax in the last financial year, despite earning an estimated £6billion in the country over the period.
It is the latest technology firm to be accused of avoiding UK tax, following Amazon and Google.
Apple accused of tax-dodging in the U.K.
Apple is avoiding paying the full amount of U.K. taxes it owes for the last financial year, alleges a British news report in the Daily Mail today.
The report says that Apple earned 6 billion pounds (roughly $9.5 billion) but paid only 10 million pounds (around $16 million) in taxes -- which is far below the standard in the U.K.