Apple keeps on offshore accounts about $ 246 billion
At least 366 companies from the Fortune 500 list have offshore accounts.
According to ITEP, Apple doesn’t pay extra $ 76.7 billion in taxes to the US Treasury. The top three list also includes pharmaceutical company Pfizer and Microsoft with an estimate of $ 199 billion and $ 142 billion.
ITEP says, that Apple keeps offshore about $ 246 billion.
https://itep.org/offshoreshellgames2017
About offshore Apple has been known for a long time. The first news for 2013.
In August 2016, the European Union filed tax claims against Apple. According to officials, Ireland has provided Apple with an opportunity to evade taxes by 13 billion euros. In December, the company appealed against the decision, and in January 2017 in the European Commission told that Apple has delayed the payment of uncommitted taxes to the budget of Ireland.
Organizations from the list of "Fortune 500 largest companies" keep offshore more than $ 2.6 trillion a total. At the same time, Apple, Pfizer, Microsoft and General Electric have 25% of this amount.
Large multi-national corporations like Apple are always going to do this. They will go to where the tax advantages are the best for them. I once read that the Rolling Stones saved millions in taxes on the royalties they earned simply because they registered the corporation that "owned" them in the Netherlands.
This is nothing new yet people make it out like this is a recent event. And quite frankly, each of us would do the same thing if given a chance.
img credz: pixabay.com
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I think such companies can be very helpful now, especially for those business owners who can't cope up with the taxes their governments set.
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