Why is the UK in the financial proverbial sh*t and in effect bankrupt?
Perhaps the answer lies here?
Apple paid less that 2% corporation tax on its profits outside the US, its filing with US regulators has shown.
Apple paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of $36.8bn (£23.0bn), a rate of 1.9%.
It is the latest company to be identified as paying low rates of overseas tax, following Starbucks, Facebook and Google in recent weeks.
‘An Apple a day keeps the taxman away’ and the chain of Starbucks cafes are certainly full of big coffee-less ‘Mugs’
Never mind, as long I keep paying 20% tax on my modest profits. >
