Apple May Have Avoided $24 Billion in Tax Across EU: Lawmakers (2)

By
Ben Stupples

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
published

... read more at: https://www.bna.com/apple-may-avoided-n73014476756/