Apple gets tax thrashing in U.S. - digi.no

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An investigation conducted by the U.S. Congress shows that Apple’s creative tax planning has evaded staggering 44 billion dollars, almost 260 billion from tax in the U.S. over the past four years. Now, Apple’s management stand trial and explain their tax moves in a Congressional hearing.

Financial Times and numerous other media reviews the elusive matter became known Monday. When Congress announced a 40-page long report with the results of its review. In the report, the Financial Times has posted on its website, states that Apple has used a variety of tax gaps to save taxes on their huge incomes.

– Apple has applied for tax hole the “holy grail “. They have established foreign companies that hold tens of billions of dollars, stating that they are not taxable anywhere says Democrat Carl Levin, who will lead the hearing, told the Financial Times.

The review of the U.S. Congress has found no offense to the way Apple has dealt with international tax rules. But criticism is loose at Levin:

– The definition of a tax hole is that it can comply with the letter of the law but not statutory intent, says Levin told the newspaper and attributes:

– I’ve never seen anything like it, and we do not know of anyone who has seen anything like it.

One of the conditions the Committee has identified the use of the Irish-registered company Apple Sales International . This company alone had sales revenue of 74 billion dollars from 2009 to 2012. They will hardly have paid tax on this. They had a surplus of $ 22 billion in 2011 but paid just $ 10 million in taxes, or 0.05 percent.

Another company, which is listed without any tax belonging nowhere, Apple Operations International (AOI). This company reportedly had revenues of $ 30 billion between 2009 and 2012. They have not paid any taxes, they should not have had any employees or physical presence in the United States, although the meetings allegedly held der.Apple shall, according to survey, also signed a special treaty with Ireland. The tax rate was, ihenhold the agreement, reduced from 12 percent to 2 percent.

This is criticism that stings for Apple. As digi.no wrote earlier, several European countries are very interested in the IT giant’s tax position and is highly critical of how they are using tax havens and loopholes are able to minimize the tax burden.

Apple believes that they have done everything by the book. They deny that AOI is a shell company that is only set up to escape tax rules, but they are channeling the international capital flow to the company. Therefore, they are not liable to tax in the United States.

Hearings, beginning today Monday, will review this in detail.

For the first time Tim Cook respond separately for U.S. Congress as CEO of Apple. The U.S. IT giant, according to news agency Reuters announced that they will propose new tax rules for sales made outside the United States are taxed. The question is whether Apple is in a good position to claim the tax leniency.

Today, more technology companies, with major international revenues, not to “flag” the profits home. In fact, Apple must take out loans to pay dividends and repurchase shares. Instead pickled money down on offshore offices around around the world. Of Apples box of 145 billion dollars is more than 100 billion in accounts outside the U.S., reports Reuters.

investigations that the U.S. Congress has initiated does not just Apple. Also, Microsoft and Hewlett-Packard have to explain his tax practice for the politicians.

See also:

• [22/05/2013] Apple chief was grilled
• [14.05.2013] Want treasure on mobile and dryer
• [03.05.2013] To save Apple 50 billion in tax money
• [27/11/2012] The treasure hunt at Google and Apple