In New Zealand For The Last Decade Apple Has Paid No Income Tax At All

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Apple has not paid any income tax in New Zealand over the past 10 years because of an extraordinary treaty with Australia, although it has made billions of selling iPhones, iPads and Macs in the country.

The comments came from the Herald Weekend, which examined the annual financial statements submitted to the New Zealand Companies Office, as well as 10 K models submitted with the US Securities and Exchange Commission.

The data reveal that Apple has not paid any income tax within New Zealand because its operations in the country are wholly owned by an Australian parent company. According to the tax treaty between the two countries, if there are double claims income tax, then the tax claim defaults on the site that is controlled by the company.

What Apple is doing is quite legal – income tax has been paid at the Australian rate of 30%, instead of New Zealand’s rate of 28% – but the same taxes have been sent to the Australian Tax Office since at least 2007.

Financial data showed that New Zealand’s Apple sales made NZ 4.2bz ($ 3bn, £ 2.4bn) over the past 10 years, and they paid NZ $ 37 million in taxes for the period – but none of those funds were seen by New Zealand, though That Apple employs several dozen workers.

The issue is currently raising waves in the country where dissenting politicians are expressing dissatisfaction and calling for more transparency on how multinational corporations manage their taxes.

All eyes are now on New Zealand Revenue Minister Judith Collins, who proposed reforms on March 3 in an effort to eliminate tax avoidance by multinationals. However, she could not comment on individual cases.

In any event, the reforms are designed to ensure that all large-cap multinational companies on the Internet are taxable on any profits from the sale of any type of goods or services in New Zealand if they use persons within the country, open until early April.

Such measures would also prevent companies from using interest payments to transfer profits abroad, but they would not go to some extent about the converted profit tax introduced by the UK and Australia.

New Zealand workers’ compensation spokesman Michael Wood said citizens had “every reason they feel angry” through the news.”Nurses, offices, and small business people who pay their fair share of taxes to support public services in our country will be alarmed by these recent discoveries,” he said.

“We know that this is the tip of the iceberg of large multinational companies that emerge from the hook by the national government completely asleep in the wheel.”