Why is Silicon Valley so cruel to New Zealand? First we discover PayPal founder and Trump acolyte, Peter Thiel is a secret citizen, now it’s emerged Apple pays the country absolutely nothing in taxes.
Apparently the tech giant paid no income tax on local profits to Inland Revenue over the past 10 years, because its New Zealand operations are owned and run out of Australia.
According to financial documents examined by the New Zealand Herald, this was despite Apple Sales New Zealand making sales of NZ$4.2 billion ($2.96 billion) since 2007.
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Via: Mashable: Business