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

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skiptdouglas

5,511 Posts.

19/12/16

15:43

Post #: 21438707
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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.

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