The BBC and the Guardian say Apple sent the Jersey company a questionnaire concerning matters including the public visibility of its records, the possibility of special arrangements with the government and how stable such deals would likely be for each potential location. For instance, the company said its 2015 corporate reorganization was "specially created to preserve its tax payments to the United States, not to reduce its taxes anywhere else". "In fact, our payments to Ireland increased significantly and over three years [2014, 2015 and 2016] we've paid $1.5bn in tax there - 7% of all corporate income taxes paid in that country". Some of the tech giants had allegedly paid corporate tax rates as low as Apple's 0.00045 percent, versus nearly 29 percent for US non-tech firms.
With T-Mobile Deal All But Dead, Softbank Looks To Charter
But in a joint statement Saturday, Sprint and T-Mobile said they were calling off merger negotiations for the foreseeable future. T-Mobile, meanwhile, has provided Deutsche Telekom with growth at a time when the European market has been stagnant.
The company said that it told regulators in the USA and European Commission of the reorganization of its Irish subsidiaries in 2015 and said the moves did not reduce its tax payments in any country.
A law professor who reviewed the documents told the newspaper that there was a "strong possibility" that Apple moved intellectual property to Ireland in a transfer worth almost $200 billion.
Apple and Nike used offshore entities to legally minimise their global tax bill, documents show.
Despite being invited to do so, the corporation did not respond to speculation that Apple Operations Europe, which is now tax-resident in Ireland, may have spent tens of billions of euro, and possibly well in excess of €100 billion, on intellectual property which it brought from Apple subsidiaries now based in zero-taxed Jersey. The move is said to have enabled Apple to amass as much as $252bn (£191bn) of cash offshore.
"As part of these changes, Apple's subsidiary which holds overseas cash became resident in the U.K. Crown dependency of Jersey, specifically to ensure that tax obligations and payments to the US were not reduced", the company said. The company has resisted bringing the money back to the USA because of the massive tax bill it would face. That is less than a sixth of the average rate of corporation tax in the world.
American woman wins NYC Marathon for 1st time in 40 years
In the wheelchair event, the Swiss dominated with Manuela Schar tops among women and Marcel Hug finishing first among the men. Flanagan's final time of 2:26:53 was nearly a full minute ahead of Keitany's, who finished with 2:27:54.
Jaguars make an example out of rookie RB Leonard Fournette
Fournette is sixth in the National Football League in rushing thus far in 2017 with 596 yards rushing in just six games. Fournette had missed the Jaguars' most recent game - a pre-bye week victory at Indianapolis - with an ankle injury.
Saudi Arabia intercepts missile targeting Riyadh airport
Al Arabiya TV reported the missile was sacked from Yemen and was brought down close to the capital by Saudi air defence forces. A spokesman for the rebels said they fired a Burkan 2-H missile, a ballistic missile with a range of more than 500 miles.
Daylight Saving Time Ends Sunday
Daylight saving time is not observed by Arizona, Hawaii and four U.S. territories: American Samoa, Guam, Puerto Rico, and the U.S. This is also where you can find more information about timekeeping and daylight saving in the U.S .