Tag: offshore

Rich and famous in the Paradise Papers

PARIS, France (AFP) — Apple, Bono and Queen Elizabeth II are just a few of the big names and companies revealed in the Paradise Papers leak who have reportedly shifted money across the globe to cut tax. The spotlight on the tax affairs of the rich and powerful comes after a trove of documents was released by the US-based International Consortium of Investigative Journalists (ICIJ), detailing secretive offshore deals that, while not illegal, are embarrassing […]

Apple tax avoidance plan laid bare in leaked documents

SAN FRANCISCO, United States (AFP) — Apple shifted much of its offshore wealth in the face of a tax crackdown on a haven it had in Ireland, according to reporting Monday on the Paradise Papers on the iPhone maker’s tax strategy. After the US technology colossus stated publicly in 2013 that it was paying its proper share of taxes, it moved the bulk of its untaxed overseas cash to the Channel Islands jurisdiction Jersey, the […]