No wonder the late Steve Jobs could afford a multimillion dollar, custom-designed luxury yacht.
His company “paid less than 2% corporation tax on its profits outside the US, its filing with US regulators has shown,” says the BBC, going on:
“The company paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of $36.8bn, a rate of 1.9%.
But Apple wasn’t the only company enjoying ridiculously low rates of overseas tax.
Can you say Starbucks, Facebook and Google?
After all, what’s the point of being obscenely rich if you have to pay corporate taxes like everyone else?
- Jon Newton — myblogdammit
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