Apple's UK Stores Paid $7.7M in Tax Despite $1.7B in Sales

The UK retail arm of Apple paid just $7.7m in taxes last year despite raking in almost $1.7bn in sales, according to the company's latest accounts. From a report: Revenue at Apple Retail UK, which operates 38 of the company's stores in the UK, rose by more than 15% in the 12 months to 28 September. But after costs and expenses of around $1.7bn, the firm reported before-tax profits of just $47m, slashing its tax bill significantly. In a statement describing itself as "the largest taxpayer in the world," Apple said that it always paid the taxes that it owed.Read more of this story at Slashdot.
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