Apple to Pay £3.8m Tax on £1.2bn UK Sales

In August 2016, the European Commission ruled that Apple’s banking of its European profits in Ireland, which has a low corporation tax rate, amounted to billions of pounds of illegal state aid. Ireland’s tax arrangements with Apple between 1991 and 2015 had allowed the US company to attribute sales to a “head office” that only existed on paper and could not have generated such profits. The result was that Apple avoided tax on almost all the profit generated from its multi-billion-euro sales of iPhones and other products across the EU’s single market.

Source: digit.fyi