Monday, November 19, 2012

Apple Australia Owes $28.5 Million Back Taxes?

Apple Australia Owes $28.5 Million Back Taxes?

The Australian Tax Office has slapped Apple with a rather juicy $28.5 million bill in terms of back taxes, and this move could very well be the start of what many believe as the government coming down hard on foreign tax havens. So far, there has been very little revealed concerning the $28.5 million tax bill since it is illegal for the ATO (Australian Taxation Office) to make any comments on individual cases. The Brisbane Times did report on Friday that the ATO could be joining a tax push that is led by European governments by targeting companies which harbor funds via intermediary companies in foreign countries.

Ubergizmo , Apple Australia Owes $28.5 Million Back Taxes?, Apple Australia Owes $28.5 Million Back Taxes?

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