Friday, June 30, 2017

Apple pays just 1p in tax for every £1 earned in Britain...

Apple has paid barely 1 per cent tax on its UK sales, despite raking in £7.5billion here since the iPhone launched, a Daily Mail investigation has found.

As the tech giant celebrates the gadget's tenth birthday, analysis showed it has handed the Treasury just £82.1million over the past decade.

The billion-selling iPhone has helped Apple become the biggest company in the world but its rise has been marred by claims it does not pay its fair share of tax.

Last night, critics said Apple's apparent determination to avoid contributing was a scandal that shamed international business.

Former Lib Dem business secretary Sir Vince Cable said: 'It's absolutely outrageous that the tax base doesn't reflect economic activity and is based on artificial declarations of profits. Full story...

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