Apple is being investigated by the UK taxman over the payment or non-payment of corporation tax (the corporate income tax to Americans), reports “Forbes” (http://macte.ch/JknAR).
Supposedly, Apple paid just £10m in British tax in 2010 despite clocking up sales here worth an estimated £6bn. Accounts for Apple’s three main British subsidiaries show the Californian group paid just £10.3m in corporation tax in the year to September 25, 2010, according to reports.
“Forbes” says Apple’s British turnover is thought to account for a tenth of worldwide sales, which hit $100bn (£63bn) in its last financial year. The US giant avoids paying higher taxes by using foreign subsidiaries, such as in Ireland and the British Virgin Islands.