taxes

Apple’s UK Tax Bill in 2015 Equivalent to Two Hours of Sales

While Apple’s tax affairs are under the European Commission’s loop, the Daily Mail reports that the company has just £12.9 million (~CAD$22.26 million) in UK corporation tax last year. Just for comparison, Apple has made enough money in the past year to cover the tax bill it has paid in little over two hours, the...

Cupertino Mayor Wants Apple to Pay More Taxes

Apple is so big in Cupertino, California, that city council members don't want to offend them, says city Mayor Barry Chang. The mayor is pushing Apple to pay more to the town, but has had little success, as a recent proposal didn't win the support of city council members. Chang proposed that Apple should give...

Uber Drivers Often Unaware of Income Tax, GST/HST Obligations

Tax experts say some Uber drivers are operating under misconceptions, with the most common being that their earnings are tax-free, reports CBC News. Actually, that's not exactly the case: Uber drivers need to report their earnings and fill out Form2125 with their personal tax returns and, if they have earned more than $30,000 a year,...

Apple Tax Probe Won’t Hurt Ireland Says Finance Minister

Ireland Finance Minister Michael Noonan said he expects a ruling on the alleged “sweetheart deals” with Apple and remained positive that the country won’t be affected, reports Bloomberg. As we previously reported, a preliminary review of the European Commission’s investigation found that Apple’s tax arrangements with Ireland were “illegal.” This was the first stage, while...