How Apple manage to saved taxes

Apple One of the leading brand in the world

here are some of the facts that tell you how Apple manage to saved taxes

Apple managed to avoid paying billions of dollars in taxes by setting up subsidiaries in Ireland.

In Ireland, companies are taxed based on where they are incorporated.

Since Apple is incorporated in the United States. So, no tax to be paid in Ireland.

The U.S. tax code, in contrast, calculates a company's tax liability based on where it makes or keeps its money

But Apple was keeping all the money it made in Asia and Europe in Ireland.

This distinction allowed Apple to fall between the cracks of the tax laws of the two countries.

In so doing, between 2009 and 2012, it kept $74 billion out of the reach of the American or any taxing authority. Because Apple broke no rules.

The technique Apple started of routing profits through Irish subsidiaries and the Netherlands then to the Caribbean to avoid American taxes has been copied by many other companies since.

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