Apple has begun production on the iPhone 6s in India. This is the second Apple handset after the iPhone SE to be manufactured in the second most populous nation in the world. The Economic Times says this move will help Apple avoid paying import duties in the country.
Spam phone calls just keep getting worse. As the irritating interjections seem to ramp up around the US tax season, scammers are now attempting to collect money via iTunes gift cards.
Now that the United States Congress has passed the Republican tax overhaul, Apple is in a position to potentially bring back its $252.3 billion foreign cash pile without a major tax hit.
The Indian government last week announced a 50% tax hike on imported smartphones in a bid to boost domestic manufacturing. As a result, Apple has now increased the price of every iPhone model it sells in the country except the locally made iPhone SE.
The United Kingdom government is cracking down on technology companies like Apple, Google and Amazon, with the country's Treasury department announcing upcoming changes that will tax any UK earnings, regardless if they are held offshore.
Süddeutsche Zeitung, the biggest newspaper in Germany, on Wednesday published an open letter to Apple's boss Tim Cook in which its editor-in-chief Wolfgang Krach claims that the Cupertino giant pays between 1 and 7% tax on its overseas income.
Apple on Monday issued a press releasing denying today's reports from the BBC, The New York Times and others alleging that Tim Cook & Co. may have found creative new ways to sidestep a major EU crackdown on its controversial tax practices in Ireland.
A limited run of “Assembled in India” iPhone SE models is now rolling from the assembly lines in India, run by Apple's contract manufacturer Wistron, but the Cupertino technology giant is now seeking extend tax breaks for its suppliers to build iPhones in the country from scratch.
The New Zealand Herald's analysis of the local subsidiary's financial statements has revealed that for the last ten years, Apple paid taxes to the Australian Tax Office instead of New Zealand's Inland Revenue. The Cupertino company appears to have paid out $37 million in income taxes from sales generated in New Zealand, but to Australia's tax authority.
Later this week, Apple and the government of Ireland will appeal against the European Union's $14.5 billion tax ruling targeting Apple's sweetheart tax deal with Dublin that the EU deemed “illegal state aid.” According to Reuters today, the Cupertino firm will object to the fact that EU regulators ignored established tax experts and common corporate law.
Apple's legal strategy involves painting itself as a victim of its own success. EU deliberately singled out Apple due to its success and picked a method to maximize the penalty, said Apple's top lawyer Bruce Sewell.
French tax authorities have recently issued Apple a fine in the amount of 400 million euros (about $422 million), according to L'Express. At the core of the adjustment is Apple's complex and controversial tax optimization scheme that allows the firm to send back the lion share of its profits to tax-friendly countries such as Ireland.
Apple reportedly asked contract manufacturers Foxconn and Pegatron to look into assembling iPhones in the United States and now we learn that Tim Cook phoned President-elect Donald Trump following his victory to talk about U.S. manufacturing.
In an interview with The New York Times, Trump reveals he's promised tax incentives to Apple to build its products domestically rather than outsource component production and assembly work to Taiwanese and Chinese suppliers and contract manufacturers.