Apple avoids over $9bn in US taxes through debt deal

Danny Palmer
clock

Scheme based around selling bonds in firm to avoid using taxable overseas funds

Apple has avoided over $9bn (£5.8bn) in US taxes through a debt deal, investors have estimated. The firm recently sold $17bn (£11bn) in Apple bonds, the largest offering of this sort in corporate history,...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

More on Finance

Rishi Sunak outlines strategy to make UK a 'global hub' for cryptoasset technology

Rishi Sunak outlines strategy to make UK a 'global hub' for cryptoasset technology

The Government will hold a consultation later this year on developing regulations for a broader range of cryptoassets

clock 05 April 2022 • 3 min read
Industry Voice: The Secret to Setting Up a Successful Digital Workspace

Industry Voice: The Secret to Setting Up a Successful Digital Workspace

VMware
clock 16 March 2022 • 3 min read
Amazon has received $4.7 Billion in subsidies from taxpayers globally, report

Amazon has received $4.7 billion in subsidies globally, report

The true value of the subsidies is hidden and likely much higher

clock 10 February 2022 • 3 min read