Apple pays just £12.9 million in UK taxes

By booking sales through its international headquarters in Ireland, Apple was able to only pay £12.9 million in UK corporate tax during 2015. This is a nine percent increase from the previous year, in which it paid £11.8 million. The European Commission has been investigating Apple’s tax arrangements in Ireland for two years now and the results of the probe are set to be released as early as next month. If the company’s tax arrangements are found to be unlawful, it could end up repaying billions to the Irish state. The company is currently under pressure from its critics who… [Continue Reading]