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Australian feature takes a look at Apple's profits and other news from March 5, 2014


Australia's Financial Review has done an investigative feature on Apple's overseas tax operations in Ireland, including getting its hands on a decade's worth of filings from Apple Sales International. Interactives show how Apple shifted money out of Australia to Ireland.

"What is truly surprising in the Apple case is its brazenness," high-profile US tax commentator Lee ­Sheppard told the Financial Review from Los Angeles.

"We're not easily shocked by ­transfer pricing practices that the US government accepts, for better or worse," she wrote last year in Tax Notes International.

"We're talking gross worldwide revenues the size of the California state budget, and no tax being paid anywhere on a huge chunk of profits."

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