Electronics giant Apple has not paid any taxes in New Zealand more than a decade.
Actually, that procedure is legal. Because Apple paid 34 million NZ dollars of tax to the Australian Office which handles New Zealand business according to bilateral tax agreement.
However, local politicians question whether that practice is ethics or not.
Source: Euronews
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.