Published on December 4, 2017
Part of the gift of the leaked Paradise Papers.
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it’s been employing since the 1980’s. Apple used to rely on an arrangement called the “double Irish,” which took advantage of Ireland’s business-friendly tax policies.
Subscribe to Engadget on YouTube:
Get More Engadget:
• Like us on :
• us on :
• us on :
• Add us on Snapchat:
• Read more:
Engadget is the definitive guide to this connected life.
