Name: Apple makes $1.8 billion in UK, but pays just $8m in tax | AppleInsider
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Apple makes $1.8 billion in UK, but pays just $8m in tax | AppleInsider

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&nbsp;&nbsp;&nbsp;AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.Latest financial filings show Apple made only a small tax payment to the UK, and it expects that to be reduced further following subsequent coronavirus costs. As Apple and other global technology firms face the prospect of — which has said — the latest filings show the company is paying little or no tax in the UK. Its filings to September 2019 show a deferred tax requirement of $8m from annual sales of $1.8 billion, but it may not even pay that much. According to inews, Apple's at the UK's Companies House states that it expects this $8m payment "to be reversed during the next financial period." Apple has responded to criticism of its low contribution to the UK's economy by arguing that it supports the region in other direct ways. "We are very proud of our many contributions across the UK and last year spent over 2 billion [$2.51 billion] with hundreds of suppliers," said a spokesperson. "Our investment and innovation supports more than 325,000 jobs in the UK and, in addition to our tax contributions, we also think it's important to do more for people and society," continued Apple. That last point was directed specifically to how the company expects to regain its tax payment because of costs since the latest filing. "We focused our attention on supporting the response to Covid-19, making significant financial contributions and donating face masks and shields here in the UK," said Apple. The inews report was by 9to5mac."Government is not the solution to the problem, government IS the problem." Ronald ReaganThe more we can starve the government of income the less destructive it will be for the people. Apple should not pay one penny more in taxes than it absolutely has to. Use every loophole, every legal means to reduce one's tax bill. That should be everyone's personal motto too.saying just 'Tax' is a little misleading.What Tax is that? i.e What is the name of the tax that they are paying?It isn't VAT (20%) on all out purchasesIt isn't Income Tax or N.I. Contributions. These are what all their employees pay (and Apple pays the employer N.I. part)It isn't property taxes (Business Rates) on the stores and offices.So it must be Corporation Tax which is levied on profits.£8M is just taking the p**s. Apple like Google, Microsoft, Facebook, Starbucks etc are channelling their [cough][cough] profits to Ireland under some licensing agreement.The sooner all of them pay a proper amount of tax on the profits they make in each country without offshoring profits via some licensing agreement the better.Naturally, a certain person in DC will rant and rage over this but as many countries around the world are doing the same they won't be able to stop it from happening.If they are not doing anything illegal then I don’t see a problem with this. &nbsp;Apple didn’t write the tax code. &nbsp;I’d be more concerned if they were throwing money away for no reason.said:saying just 'Tax' is a little misleading.What Tax is that? i.e What is the name of the tax that they are paying?It isn't VAT (20%) on all out purchasesIt isn't Income Tax or N.I. Contributions. These are what all their employees pay (and Apple pays the employer N.I. part)It isn't property taxes (Business Rates) on the stores and offices.So it must be Corporation Tax which is levied on profits.Exactly.&nbsp; The UK collects big bucks not accounted for here via the VAT&nbsp;on the sale of every iPhone and Mac in the UK.said:"Government is not the solution to the problem, government IS the problem." Ronald ReaganThe more we can starve the government of income the less destructive it will be for the people. Apple should not pay one penny more in taxes than it absolutely has to. Use every loophole, every legal means to reduce one's tax bill. That should be everyone's personal motto&nbsp;Hard sell these days. Government may be the problem, but not for what Ronnie had in mind. Totally Inept and criminally ineffective response to a national crisis.&nbsp;Please enable JavaScript to comment&nbsp;Apple released the Apple Watch Series 8 alongside an updated Apple Watch SE on September 7. Here's how they compare with one another.High demand for the iPhone 14 Pro and iPhone 14 Pro Max led to Apple server crashes in China as consumers placed over two million preorders in 24 hours.In iOS 16 Apple introduced Haptic Feedback to the iPhone keyboard. Here's how to use it.Apple released the Apple Watch Series 8 alongside an updated Apple Watch SE on September 7. Here's how they compare with one another.Apple made considerable upgrades to the iPhone 14 Pro while making fewer than usual to the iPhone 14. Here's how the two similar-sized flagship iPhone models differ.Apple's iPhone 14 Pro and iPhone 14 Pro Max have arrived. Here's how they stack up versus the iPhone 13 Pro and Pro Max.Apple's iPhone 14 is aimed at about the same market that the iPhone SE targets. Here's how it compares to the third-generation iPhone SE.Apple announced the second generation of AirPods Pro at its "Far Out" event on September 7. Here's how it compares to the first generation.&nbsp;LG's professional-grade UltraFine OLED Pro displays are heavily discounted this week, offering content professionals true 10-bit color and 99% Adobe RGB color gamut coverage in your choice of 27-inch or 32-inch sizes.Apple released the Apple Watch Series 8 alongside an updated Apple Watch SE on September 7. Here's how they compare with one another.High demand for the iPhone 14 Pro and iPhone 14 Pro Max led to Apple server crashes in China as consumers placed over two million preorders in 24 hours.In iOS 16 Apple introduced Haptic Feedback to the iPhone keyboard. Here's how to use it.On Tuesday, Amazon released a pair of Kindles with USB-C, a new high-resolution display, and twice the storage of older models.Apple's iOS 16 makes the iPhone more customizable than ever. This is the ultimate guide on how to make the iPhone a more personal device.Apple's 2022 MacBook Air sports the new M2 chip and an all-new chassis. And it's up to $200 off, with upgraded models starting at just $1,279.New regulatory filings show that the Apple Watch Ultra has a battery that is 76% larger than that in the Series 8, and more than double the size of the small Apple Watch SE.Apple released the Apple Watch Series 8 alongside an updated Apple Watch SE on September 7. Here's how they compare with one another.High demand for the iPhone 14 Pro and iPhone 14 Pro Max led to Apple server crashes in China as consumers placed over two million preorders in 24 hours.In iOS 16 Apple introduced Haptic Feedback to the iPhone keyboard. Here's how to use it.Apple's iOS 16 makes the iPhone more customizable than ever. This is the ultimate guide on how to make the iPhone a more personal device.It's been a rocky road to the iOS 16 launch. Here are the high-profile features that didn't debut in the initial release of Apple's operating system.Apple's annual update to its operating system brings new features and much-needed changes. Here are the stand-out features in iOS 16.Apple's "Far Out" event is on September 7. Beyond the new iPhone 14, here's what to expect from September's Apple event — and beyond.The second-generation Razer Kishi is here for iPhone users with a new design, better buttons, and a companion app. How does it stack up to the Backbone One?Less an overhaul and more refining what's already in place, iOS 16 is all about personalization on top of a retained solid foundation.With the SwitchEasy four-in-one MagPower multi-charger, you can power up all your gear with a single device — including your Apple Watch with an Apple-certified puck.The Benks Grand Pro Headphone Stand for AirPods Max is a welcome upgrade over the original. However, it introduces complexity where there was none before — while also ignoring an obvious problem.Keep tabs on the air quality of your home — including potentially deadly radon levels — with the Airthings View Plus.Apple didn't make a Magic Keyboard for iPad mini 6, and Lululook's Magnetic Keyboard perhaps acts as a testament to why.{{ summary }}{{{ reviewStars.html }}}

&nbsp;&nbsp;&nbsp;AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.Latest financial filings show Apple made only a small tax payment to the UK, and it expects that to be reduced further following subsequent coronavirus costs. As Apple and other global technology firms face the prospect of — which has said — the latest filings show the company is paying little or no tax in the UK. Its filings to September 2019 show a deferred tax...

Apple makes $1.8 billion in UK, but pays just $8m in tax | AppleInsider

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