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Wozniak criticises Apple's tax practices: 'It's really not fair'

Karen Haslam | May 31, 2013
The current system is "why the rich get richer and the poor get poorer," he said.

"In four years, almost $30bn of profits poured into AOI, though it has no physical presence or employees in Cork or, indeed, anywhere else on the planet," writes the Guardian.

Where Apple doesn't pay tax
While the focus is on the tax that Apple isn't paying in the US, a number of reports over the past year have highlighted that Apple doesn't pay tax in various countries where it operates.

Back in February the British, French and German governments launched a joint initiative to crack down on tax avoidance. The plan was unveiled at a G20 meeting in Moscow and was designed to stop big firms that country-hop to pay less tax.

Governments are facing public outrage over how some multinational companies are handling their tax affairs. In Britain Starbucks, Apple, Google and Amazon have come under fire for using complex inter-company transactions to cut their tax bills. Apple has been accused of paying only 2% tax in the UK.

 

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