Apple paid only 1.9pc tax on earnings outside US

Apple paid an income tax rate of only 1.9 per cent on its earnings outside the US in its latest fiscal year, a regulatory filing by the company shows.

The world’s most valuable company paid US$713 million in tax on foreign earnings of US$36.8 billion in the fiscal year ended September 29, according to the financial statement filed on Wednesday. The foreign earnings were up 53 per cent from fiscal last year, when Apple earned US$24 billion outside the US and paid income tax of 2.5 per cent on it.

via Business feed http://www.scmp.com/business/companies/article/1075194/apple-paid-only-19pc-tax-earnings-outside-us