Apple Avoiding High Tax Rates

Last year Apple paid a respectable 2.5% corporation tax outside of the United States, on it's profits. Since then, that figure has dropped to just 2% this year.Some people may say that this can be classed as tax avoidance, as the tech giants only paid £445m on foreign pre-tax profits of £23bn; this is a rate of 1.9%. However, nothing suggests that this scheme is illegal.

Apple is now one of the companies which pay low tax rates overseas, Facebook, Google and Starbucks have been part of this for a while now. This 'tax avoidance' is leveled out by the UK, no surprise there. Every firm pays large amounts of tax and raise big amounts of VAT, in the United Kingdom. Seeing as Apple leads most of it's business through Europe they end up paying a lot of that. The Caribbean Islands provide some sort of tax haven for many multinational companies, who manage to pay way under the corporation tax rates by using these tax havens. Nobody expected Apple to be avoiding tax rates in some way; to get loads of profit each year so there's nothing to worry about. In your interest, their total profits for the year went up by an astonishing 24%.