The subject of large companies paying their taxes is something of a hot button topic in the UK right now, which is why the likes of Starbucks have already found themselves thrown to the wolves over their accounting practices. Today, the latest multinational firm to be on the rack is Apple, with the news that it paid just 2% tax on its profits outside the US last year, leaving international taxmen considerably out of pocket.
Paperwork filed in the United States shows that Apple paid around 2% tax on its pre-tax earnings of $36.8B outside the US. That's down on the 2.5% paid the year before.
Oddly though, it's all perfectly legal...