Apple Caught in Paradise Papers!

The recently leaked Paradise Papers have rattled the birdcage of the wealthiest and influential politicians, celebrities and companies of the world.

The documents were revealed by the same German newspaper Süddeutsche Zeitung who revealed the Panama papers.

The Süddeutsche Zeitung, after obtaining the tens of thousands of documents called in the International Consortium of Investigative Journalists (ICIJ) to supervise the investigation.

Watch the BBC Report on BBC News YouTube Channel “Paradise Papers: Tax haven secrets of ultra-rich exposed.”

Around a hundred media groups including BBC, Guardian and New York Times participated in the investigation process.

The papers show the British Queen, top Trump aid, British conservative leaders and organizations like Apple’s involvement in offshore tax escape exertion.

According to the leaked Paradise Papers, Apple, one of the most profitable firm of the world, maintains a structure that might enable the company to avoid tens of millions of taxes.

The investigation revealed as BBC reported, “Apple sidestepped a 2013 crackdown on its controversial Irish tax practices by actively shopping around for a tax haven. It then moved the firm holding most of its untaxed offshore cash, now $252bn, to the Channel Island of Jersey.”

But Apple has rejected the allegations in a statement. It said the firm’s new structure “did not reduce our tax payments in any country”.

 


Be the first to comment

Leave a Reply

Your email address will not be published.


*