IRD says anti-BEPS bill may stoke sales booked in NZ, avoids comment on Apple

Tue, 30 Jan 2018

By Jonathan Underhill Jan. 29 (BusinessDesk) - Apple Sales New Zealand, the local unit of the iPhone and iPad maker, tripled its profit last year as revenue growth outpaced cost of sales but there's a question mark over how much tax it paid locally because most of Apple Inc's business activities are offshore. Inland Revenue declined to comment on whether Apple NZ actually pays any tax here, citing taxpayer confidentiality provisions, but a backgrounder for international tax issues on IRD's website says the ability of a country to tax non-...

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