Apple is in the news again. This time, it is because the company owes taxes. Apple has been accused of refusing to pay tax in New Zealand for the last 10 years.
A report by the New Zealand Herald pointed out that Apple owes taxes in New Zealand since 2007, despite selling over $4.2 billion worth of smartphones and other devices in the country. This is not the first time Apple is embroiled in tax-related issues. Last year, the European Commission ruled that Apple benefited from an unusual tax system in Ireland. This meant that Apple had to pay up to $14.42 billion.
The report by the New Zealand Herald claimed that Apple paid $37 million in taxes to the Australian Tax Office. This arrangement had been in place since 2007. A New Zealand politician James Shaw said this about the issue:
“It is absolutely extraordinary that they are able to get away with paying zero tax in this country. I really like Apple products. They’re incredibly innovative. But it looks like their tax department is even more creative than their product designers”.