Apple has not paid taxes in New Zealand for the last 10 years

Apple has not paid taxes in New Zealand for the last 10 years

The New Zealand Herald newspaper has reported that Apple has not paid any local tax in the last decade despite making $2.9 billion in sales.

According to the newspaper said: “If Apple had reported the same healthy profit margin in New Zealand as it did for its operations globally, it would have paid $250.7 million in taxes.”

Apple has paid $26 million in taxes to the Australian tax office, New Zealand has a treaty with Australia where just one jurisdiction collects all the tax.

Apple has released a statement that said: “it is the largest taxpayer in the world which appreciates and respects the role taxes play as necessary and important role in our society. We follow the law and pay tax on everything we earn, wherever we operate. Apple aims to be a force for good, and we’re proud of the contributions we’ve made in New Zealand over the past decade.”

However, James Shaw the co-leader of New Zealand Green Party has accused Apple for paying its fair share of taxes. He said: “It is absolutely extraordinary that they are able to get away with paying zero tax in this country. I really like Apple products – they’re incredibly innovative – but it looks like their tax department is even more innovative than their product designers.”

This is not the first time Apple has been accused of not paying taxes, in 2016 the European Commission concluded that the deal between Apple and the government of Ireland was a breach of European Union’s state aid rules.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s