Taxation: Like your music, Apple is in the Cloud
Hugo Rifkind writing in The Times this morning:
So Apple, the trendiest of all trendy massive technology companies, turns out to be bang on trend for massive technology companies by not paying much tax. Indeed, like many of its gadgets, Apple's tax arrangements would appear to be so covetable as to leave competitors standing.
While lumpen second-raters such as Amazon and Google allegedly seek to dodge tax by funnelling their British dealings through more favourable regimes (in Luxembourg and Ireland), Apple, at least according to a US Senate investigation, has "sought the holy grail of tax avoidance" and managed to base itself nowhere at all. Yep, that's right. Like your e-mail and your music collection, Apple is in the Cloud.