Australia's largest stock trading and investment forum Australia's #1 stock forum

600 billion and i was under the impression they did pay tax...

First 14 Last

Share
Profile

Follow
skiptdouglas

5,511 Posts.

19/12/16

15:43

Post #: 21438707
Share

Originally posted by redrockgeo ↑

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.

Expand

600 billion and i was under the impression they did pay tax around 80 million
Upvote

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

There are more pages in this discussion • 28 more messages in this thread...

First 14 Last