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Stockreport

Apple — world's biggest taxpayer — denies shifting businesses to dodge high taxes [CNBC]

APPLE (AAPL)  More Company Research Source: CNBC
Last apple earnings: 5/1 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
PDF Apple — the largest taxpayer in the world — fought back fresh criticism over its taxes this week. The company said on Monday that none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 was specially designed to preserve tax payments to United States, not to reduce taxes anywhere else. We understand that some would like to change the tax system so multinationals' taxes are spread differently across the countries where they operate, and we know that reasonable people can have different views about how this should work in the future, the company wrote in a lengthy salvo. At Apple we follow the laws, and if the system changes we will comply. The statement from Apple comes in response to the criticism it received for its tax affairs after a Guardian analysis of the Paradise Papers documents showed the company shifted key parts of its business to Jersey as part of a rearrangement that has allowed it to maintain a low tax [Read more]

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