Apple's tax spin-cycle

Apple reportedly wrote the book on how international companies can avoid paying tax, here's how it works.

Ever heard of a 'double irish with a dutch sandwhich'?

It's not a dessert, dance, a type of coffee or a drug ladden treat but rather a strategy employed by tech companies to drastically reduce their tax payments.

According to The New York Times, Apple has "pioneered" this tricky dodge, which is outlined in today's infographic. 

Think of it as a corporate spin-cycle where companies focus their resources in tax sheltered countires in bid to reduce their overall tax output.

While the countries government may be being robbed of tax dollars, its doubtful that they will be complaining.

Everytime a tech giant moves into a tax haven they bring jobs with them - and jobs provide income tax revenue and lower unemployment. So despite reports of Apple and other tech companies exploiting the likes of Ireland, The Netherlands and the Carribean for their tax friendly policies, its highly unlikly that any of these countries government's will respond by altering their policies. 

Today's infographic was sourced and created by The New York Times

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