Apple pays no tax because it declares no earnings in Australia. All its earnings are declared in Ireland where it pays an extremely low tax rate. Last time I looked Apple's market cap was US$500 billion - as in half a $trillion.
Apple purchases do raise GST but GST is paid by the customer.
Get Apple and a few others like Samsung paying Australian tax at 30% and we'd have no deficit.
- Forums
- Political Debate
- dt tax cuts
Apple pays no tax because it declares no earnings in Australia....
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)