Friday, November 16, 2012

Australia hits Apple with $28.5 million bill for back taxes





(Credit: James Martin/CNET)

Apple has been told to pay an additional $28.5 million in back taxes to the Australian government, a report out of the country says.




The Sydney Morning Herald is reporting today that the Australia Tax Office actually hit Apple with the charge in April. According to the news outlet, Apple's Australian division generated $4.9 billion in revenue last year but paid only $94.7 million in taxes.




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1 comment:

  1. I have heard of back taxes before, but never knew they could reach this kind of number. I am sure Apple will have no problem taking care of this issue, but it is really surprising to see an organization get that far into a tax problem.

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