Update: Apple has responded with an extensive statement on its newsroom site. It says corporate tax rate on foreign earnings is 21 percent, and 35 percent on income from overseas investments. It says “no operations or investments were moved from Ireland”.
The New York Times has published a lengthy report claiming Apple started using the island of Jersey as a tax haven after its tax arrangement in Ireland came under fire. The report, which is based on leaked corporate documents, says Apple settled on Jersey which doesn’t usually tax corporate income after shopping around.
