Apple profit up, still pays zero tax in NZ

DOCUMENTS filed with the Companies Office show Apple has increased its pre-tax profit from $NZ9.5 million ($F13m) to $NZ29.7m ($F43m). The company’s overall revenue shot up from $NZ744m ($F1.1 billion) in 2016 to $NZ811m ($F1.2b) in 2017. Despite this increase in revenue, the local tax authority has not received a bump in payment from the […]

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