barryqwalsh
Gold Member
- Sep 30, 2014
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APRIL 2015
Tax Avoidance Hearing: Australian Senate
Under questioning from independent senator Nick Xenophon, Mr King said Apple Australia is owned by Apple Ireland, which has a relatively low corporate tax rate. But he admitted he had never been on a business trip to Ireland.
Apple had turnover of $6 billion in Australia last year and paid $80 million in tax.
Mr King was unable to say how much of the money paid by Australian consumers buying Apple products went offshore.
"I find it extraordinary you can't answer that," Senator Xenophon said.
Senator Matthew Canavan purchased a $16.99 album on iTunes during the hearing and asked how much of that price would have been taxable income.
Mr King took the question on notice.
Tax avoidance hearing: Google, Microsoft and Apple tell Senate committee they fully comply with Australian laws
Tax Avoidance Hearing: Australian Senate
Under questioning from independent senator Nick Xenophon, Mr King said Apple Australia is owned by Apple Ireland, which has a relatively low corporate tax rate. But he admitted he had never been on a business trip to Ireland.
Apple had turnover of $6 billion in Australia last year and paid $80 million in tax.
Mr King was unable to say how much of the money paid by Australian consumers buying Apple products went offshore.
"I find it extraordinary you can't answer that," Senator Xenophon said.
Senator Matthew Canavan purchased a $16.99 album on iTunes during the hearing and asked how much of that price would have been taxable income.
Mr King took the question on notice.
Tax avoidance hearing: Google, Microsoft and Apple tell Senate committee they fully comply with Australian laws