(NBC Bay Area) Apple is being accused of evading corporate taxes in the U.K. by moving its operations to Ireland, where the tax rate is about half that of Great Britain.
Apple's tax rate in Cork, Ireland is 12.5%, or about half of the 24% U.K. corporate rate, according to AppleInsider. Estimates also say that Apple paid only about £10 million in taxes on £6 billion in sales -- but it's not the only technology company under the microscope. Apple joins both Google and Amazon who have also been accused of avoiding U.K. taxes.
Amazon is under investigation from the U.K.'s HM Revenue & Customs after it was discovered that the online retailer did not pay any British corporation tax in 2010 or 2011. Amazon was able to avoid taxes after switching its European headquarters to Luxembourg.
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