Report: Apple paid no UK corporation tax in 2012 | iLounge News

News

Report: Apple paid no UK corporation tax in 2012

Recent U.K. tax filings have revealed Apple paid no corporation tax last year, despite making about $103 million in pre-tax profits. A report states, “Tax deductions from share awards to employees helped wipe out the corporate tax liabilities of the UK subsidiaries in the year to September 2012.” Apple paid around $17 million in taxes the previous year. The new findings only increase public pressure on the company, as Apple faced questioning from the U.S. Senate’s Permanent Subcommittee on Investigations on tax issues in May. [via Financial Times]

« Apple eyes LTE-Advanced iPhone 5S for S. Korea

Apple raided by French authorities in investigation »

Related Stories

Comments

If you have a comment, news tip, advertising inquiry, or coverage request, a question about iPods/iPhones/iPad or accessories, or if you sell or market iPod/iPhone/iPad products or services, read iLounge's Comments + Questions policies before posting, and fully identify yourself if you do. We will delete comments containing advertising, astroturfing, trolling, personal attacks, offensive language, or other objectionable content, then ban and/or publicly identify violators.

Commenting is not available in this section entry.
Sign up for the iLounge Weekly Newsletter

Email:

Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter

Email:

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2014 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy