Electronista

Mobile News   Apple  
updated 01:29 PM EDT 07.01.13
Apple avoided UK corporation tax in 2012, report says
Apple paid no UK corporation tax for 2012, according to new filings. The Financial Times reports that Apple escaped paying taxes through deductions on share awards to its workers. This is despite the company's three main British subsidiaries -- Apple UK, Apple Europe, and Apple Retail UK -- pulling in a combined 68 million in pre-tax profits. The deductions amounted to 27.7 million.