Glen Cottle recently purchased a brand new iPhone for his partner. But upon opening the package, it might not be as brand new as he thought.
Apple is a master of making profits, and an expert and keeping its money out of government hands. Bryan Chaffin and Jeff Butts join Jeff Gamet to offer their thoughts on Apple’s tax practices in New Zealand and other countries.
Apple paid roughly zip to New Zealand Inland Revenue—that country’s taxing authority—over ten years, even while selling $4.2 billion in merchandise in the country. The practice is scrupulously legal—and therefore OK in the eyes of many. Bryan Chaffin, however, doesn’t think it’s right.