Reply to post: Re: Can someone just fill in the blanks for me?

Tim Cook: EU lied about Apple taxes. Watch out Ireland, this is a coup!

Anonymous Coward
Anonymous Coward

Re: Can someone just fill in the blanks for me?

So assuming that's right, what have they been paying British tax payers in terms of corp tax? If Facebook paid less than I did in 2014, wtf did Apple pay?

According to the FT in the past ten years Apple have paid £85m in corporation tax in the UK. ICBA to go back and work out what UK sales have been over the past decade, but I'd hazard a guess that we're talking about something of the order of £20bn. With net margins of around 22% that's say £4.4bn in profit. So at the UK 20% rate, one might surmise they should have paid over £880m in UK taxes.

That's a rough as a bear's bottom, but in order of magnitude terms it will do, and indicates that they paid less than a tenth of what a UK-based company would find itself paying. However, in amongst the finger wagging at the Irish government, it should be noted that this isn't just the Irish government who are complicit - the UK tax authorities have known all along that Apple make far more money here than they pay tax on, but have turned a blind eye to the extremely dodgy transfer pricing, just as they have with Google, Microsoft, Starbucks, Amazon and others.

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