Apple paid only 2% corporation tax outside US

Posted by kankerot on November 4, 2012 06:41 pm 10

Apple paid less than 2% corporation tax on its profits outside the US, its filing with US regulators has shown.

The company paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of $36.8bn, a rate of 1.9%.

It is the latest company to be identified as paying low rates of overseas tax, following Starbucks, Facebook and Google in recent weeks.

http://www.bbc.co.uk/news/business-20197710