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Its 9am in singapore. 1am in london and five in the afternoon in california where bosses at apple the worlds most Profitable Company are watching a new tax controversy unravel. 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 ....
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