MacNN | Apple Australia asked to pay $28.5 million in back taxes
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Apple Australia asked to pay $28.5 million in back taxes
Friday, November 16, 2012 @ 11:46am

The Australian government is asking the local division of Apple to pay $28.5 million in back taxes, according to the Sydney Morning Herald. The change raises Apple's Australian bill for the 2011 fiscal year to $94.7 million. That, however, represents just a fraction of the $4.9 billion in revenue the company pulled in from the country.



Like a number of major corporations, Apple uses tax havens to dodge paying significant taxes in regions like Europe and the US. Some of its havens include Ireland, Luxembourg, and the state of Nevada.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • NCTA to FCC: Google, Facebook may charge ISPs for customer access - 11:55 AM EST
  • Coalition of authors blames 'thuggish' Amazon for Hachette dispute - 10:01 AM EST
  • Yosemite public beta launch doubles presence in web traffic - 12:12 AM EST

    Today's iPodNN Stories:
  • Facebook: SEC IPO query dropped, no enforcement action coming - 9:25 AM EST
  • Russian government offers $110,000 bounty for Tor tracking code - 3:27 PM EST
  • Amazon Fire Phone now available to purchase in United States - 12:05 PM EST
  • LG reportedly testing user removal of pre-installed "bloatware" - 10:31 AM EST
  • Briefly: Google Glass webcam support, Google Play offline games - 8:31 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.