Apple Inc. may have dodged as much as $24 billion in taxes in the European Union over
the past three years, according to a parliamentary group report that claims to expose
the iPhone-maker’s latest abuse of legal loopholes.
The Cupertino, Calif.-based company may have paid just 0.7 percent of tax on its EU
profits from 2015 to 2017, according to a June 21
report from the European United Left-Nordic Green Left, a left-wing EU parliamentary group.
The report follows the publication of the
Paradise Papers, a data leak that revealed the offshore tax planning of rich individuals and global
companies, including Apple and fellow U.S. multinational Nike Inc. The data dump was
... read more at: https://www.bna.com/apple-may-avoided-n73014476756/