Apple avoiding billions in global taxes, report claims - Yahoo! Finance UK: "Former executive Robert Hatta, who oversaw Apple's iTunes retail marketing and sales for European markets until 2007, said routing transactions through Luxembourg allowed them to be taxed at low rates.
"We set up in Luxembourg because of the favorable taxes," Hatta told the Times.
"Downloads are different from tractors or steel because there's nothing you can touch, so it doesn't matter if your computer is in France or England. If you're buying from Luxembourg, it's a relationship with Luxembourg."
In a statement to the Times, Apple said it "has conducted all of its business with the highest of ethical standards, complying with applicable laws and accounting rules.""
'via Blog this'
No comments:
Post a Comment