Chanticleer
Global profit shift needs to change
The expose of Apple’s failure to pay fair tax should empower the move against profit shifting.
The Australian Financial Review’s expose of Apple’s failure to pay its fair share of tax in Australia should give added urgency to the global move to take action against profit shifting.
The first and most obvious point to make is that Apple is not doing anything illegal. It is organising its corporate affairs by separating functions in its value chain to take advantage of global tax treaties and the extremely low taxes charged in Ireland.
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