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

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

Published: July 9, 2020  |  5 min read, 962 words
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 By1 day ago  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... READ MORE
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