Tax doesn't have to be taxing.

[zeitghost]

If you're Apple.

Tax | Dilemmas | Mannerisms

Amazingly, Apple claims that two of its offshore companies are not tax residents of either Ireland, where they are incorporated, or of the US, where they are managed.

One of those Irish incorporated companies, Apple Operations International, has no employees, no physical presence anywhere, has not filed an income tax return in any country in the world for the past five years (2009-12) and had revenues of $30 billion in those five years.

Another subsidiary, Apple Sales International, had sales revenue totalling $74 billion in the same 2009 to 2012 period, and paid tax on it at a rate of five hundredths of one percent.

[Mich the Tester]

I bet I can't afford their accountants.

[vetran]

Tax is for little people.

[doodab]

Tax is for little people.

Leprechauns?

[vetran]

Leprechauns?

nope they live in a tax haven, so long as they aren't officially resident they can pay no tax on their wish granting activities. They do have another company registered in the Caribbean so their pot of gold activities attract a minimum rate.


was thinking of :

Leona Helmsley will always be remembered for one of the most arrogant statements ever uttered: "We don't pay taxes. Only the little people pay taxes." A touching sentiment from the New York hotel tycoon widely dubbed the "Queen of Mean" but not one shared by a jury of her peers.

Leona Helmsley - Top 10 Tax Dodgers - TIME

[Paddy]

In the 80s IOM banks were quite often a very small unmanned office with a server, modems and router for phone lines. Where the actual money was kept, fu*£ knows.

[AtW]

but not one shared by a jury of her peers.

Suprised she did not appeal on the grounds that HER PEERS who also dodge tax on grand scale would acquit!