HMRC stings Apple with £136 million bill for back taxes

From Engadget - January 10, 2018

Apple Europe's financials say the 136 million adjustment "reflects the company's increased activity," and we ca not definitively know HMRC's side of the story since it does not "comment on the tax affairs of individual companies." Apple Europe also mentioned tax payments will increase in the future to reflect this new understanding with HMRC. Commenting on the news, Apple issued the following statement:

"We know the important role that tax payments play in society. Apple pays all that we owe according to tax laws and local customs in the countries where we operate. As a multinational business and the largest taxpayer in the world, Apple is regularly audited by tax authorities around the world. HMRC recently concluded a multiyear audit of our UK accounts and the settlement we reached with HMRC is reflected in our recently filed accounts."


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