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AAPL Stock: 112.76 ( -0.53 )

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Apple Australia asked to pay $28.5 million in back taxes

updated 11:46 am EST, Fri November 16, 2012

Sliver of Apple's local revenue

The Australian government is asking the local division of Apple to pay $28.5 million in back taxes, according to the Sydney Morning Herald. The change raises Apple's Australian bill for the 2011 fiscal year to $94.7 million. That, however, represents just a fraction of the $4.9 billion in revenue the company pulled in from the country.

Like a number of major corporations, Apple uses tax havens to dodge paying significant taxes in regions like Europe and the US. Some of its havens include Ireland, Luxembourg, and the state of Nevada.




by MacNN Staff

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  1. blahblahbber

    Banned

    Joined: 02-01-05

    crApple GREED

  1. Shaddim

    Clinically Insane

    Joined: 04-11-03

    Originally Posted by blahblahbberView Post

    crApple GREED



    Geez, grow up. :rolleyes:

    As for the story, I'm sure they have that much under the couch cushions.

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