US Senate: Apple avoided billions in tax payments due to subsidiaries

No sooner had Tim Cook publicly and officially to assure everyone that Apple is pure and honest to the state, as the special committee of the US investigation presented to the public the results of their investigations. They say that the company deliberately used its subsidiaries outside the United States, in order to avoid paying taxes in the amount of several billion dollars.

In the period from 2009 to 2012. Apple Operations International subsidiary company has generated $ 30 Millard profits, while Apple Sales International, also located in Ireland, in the meantime has made $ 74 billion. A specific example is a report in 2011: ASI has generated $ 22 billion profit, paying taxes as a total of $ 10 million, accounting for 0.05%. At the same time these companies are not tax resident in either the US or in Ireland itself. All salt that in Ireland effective tax rate is less than 2%.

Generally speaking, the Senate accuses Apple of using weaknesses and loopholes in US law. Question of any legal proceedings, and countermeasures against the company does not go at all. We need to change the laws.

Senator John McCain said in regard to Apple following:

Apple claims is the largest corporate taxpayer in the United States, however, given the size and extent, Apple is also the largest deviationist taxes. A company that has achieved success by using ingenuity and the opportunities provided by the US economy should not withdraw their profits abroad. Thus, it deliberately deprives income Americans.

Apple announced that its subsidiary companies are involved in research and development. They create new jobs in the US and increase the incomes of the state as a whole. In the past year, Apple has paid $ 6 billion in taxes, making it one of the largest taxpayers in the United States.

Meanwhile, the committee of inquiry continues to dig, looking for new parts and details. This incident is only part of a much larger investigation, and in line at the long arm law are still many multinationals that use offshore subsidiaries to facilitate tax burden.

(via)