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Apple has reportedly relocated its international tax residency to Jersey

November 6, 2017

Techcrunch --------- Last year, the European Union ordered Apple to pay up to $14.5 billion for illegal tax benefits in Ireland. The company has learned an important lesson after this setback, as the International Consortium of Investigative Journalists revealed in the Paradise Papers. Apple has relocated its tax residency to the tiny island of Jersey back in 2014. Jersey is located near the coast of Normandy. Only 100,000 people live there. More importantly, Jersey doesn’t usually tax companies. That’s why Apple’s international subsidiaries now route profits through Jersey to avoid paying taxes. To learn more click on the picture below to read the article.

 

 

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