Leaked documents show the tech giant actively sought out tax havens after an irish low tax loophole it used was closed. The company then moved massive amounts of cash offshore to the island ofjersey in a move that wouldve saved it billions of dollars. Although the company has done nothing illegal, it is again under fire from the eu and us over its tax arrangements. It came to light after millions of financial documents the Paradise Papers were obtained by the german newspaper sud Deutsche Zeitung and shared with journalists around the world including a team at the bbc. Simonjack reports. A rapturous reception for the latest iphone. Its the most popular and profitable Consumer Product of all time. Its generated hundreds of billions in profits for apple since it was introduced ten years ago. What these papers show is just how determined apple has been to keep the tax bill on those profits as low as possible. And how keen some governments, lawyers, and advisers have been to help them do i
Managing most of its untaxed cash reserves offshore, on the Channel Island ofjersey. It moved the money tojersey after a tax loophole in ireland was closed. Although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. Our Business Editor simonjack reports. A rapturous reception for the latest iphone. Its the most popular and profitable Consumer Product of all time. Its generated hundreds of billions in profits for apple since it was introduced ten years ago. What these papers show is just how determined apple has been to keep the tax bill on those profits as low as possible. And how keen some governments, lawyers, and advisers have been to help them do it. For many years, apple sent profits made outside the americas to ireland, where an elaborate Corporate Structure meant it paid nearly no tax on the billions it was making. Taxes that would have been due to the united states, where politicians started applying pressure to a defiant ap
Record highs from asia right through to the states. We will keep across that for you. And well be getting the inside track on second hand motors. The market is booming, but with tougher emissions rules coming in, we ask an expert if buying a used car makes any sense. Today we want to know, is it worth buying a second car second hand car when emissions rules are getting tougher . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to business live. There are new revelations from millions of leaked documents known as the paradise papers. The technology giant, apple, has been managing most of its untaxed cash reserves offshore, on the Channel Island ofjersey. It moved the money tojersey after a tax loophole in ireland was closed. Although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. Our business editor, simonjack, reports. A rapturous reception for the latest iphone, the most popular and profitable Consumer Product of
The official brexit talks get under way between the United Kingdom and the European Union. In central portugal, extensive areas have been evacuated as forest fires continue to spread at least 62 people have died. And, a cultural giant reborn we visit dublin to see the wonders on display at the new Look National gallery. And coming up in Sportsday On Bbc News a morale boosting win for england, as the Under 21s Come From Behind to Beat Slovakia in their European Championships Group game in poland. Good evening. Police are still questioning a man on suspicion of terrorism offences, after a van was driven into a crowd of worshippers last night near a mosque in north london. Witnesses say the driver shouted that he wanted to kill muslims. The attack happened in Finsbury Park shortly after midnight. 11 people were injured and one man died though hed collapsed before the attack and the cause of his death isnt clear. A van was driven onto the pavement, hitting people in its path. Bystanders he
Manifestation to date of the slum a phobia. In a call for more to be done to protect mosques, extra police will be deployed. Our security correspondent chris sports reports. It till the government just eight minutes to call this a terrorist attack. It was an attack that, once again, targeted the ordinary and the innocent. Speaking today, the Prime Minister called it every bit as sickening as the other terrorist attacks this year s. She repeated her intention to set up a commission to counter extremism. But while police and Emergency Services we re while police and Emergency Services were soon on the scene, there i suggest is that the makers may have underestimated the threat from far right extremism. The whole counter extremism agenda is focused on islamist extremism. And what we have seen is a growing concern around the far rightand seen is a growing concern around the far right and individuals who adhered to extremist ideologies from the far right, but they have not been tackled seri