taxes

Apple hit with $29 million Aussie tax bill

Not even Apple can avoid taxes - although it tries. According to a Friday report, the Cupertino, California company owes the Australian Tax Office a nice 28.5 million Australian dollars in back taxes, or approximately $29 million in US currency. Apple's tax bill for the entire fiscal year 2012, which ended September 24, sits at $94.7 million on $4.9 billion in revenue in local currency. Earlier this week, the French government demanded Amazon pay $252 million in back taxes. The government charged the online retail giant operated a network of smaller units, including a Luxembourgh-based tax haven...