View Full Version : Apple denies iTunes tax plans - UPDATED
Jan 17, 2006, 01:34 PM
Category: News and Press Releases
Link: Apple denies iTunes tax plans - UPDATED (http://www.macbytes.com/link.php?sid=20060117143438)
Description:: Apple has roundly denied reports that it plans to set up for business in the Channel Islands.
Posted on MacBytes.com (http://www.macbytes.com)
Approved by Mudbug
Jan 17, 2006, 08:44 PM
No VAT tax.
what if apple bought a private island in the bahamas and did something like that here. NO MORE 8.65 (i think) SALES TAX. (one thing i hate about nyc.)
EDIT: I might have misread it. and i don't kno sales tax laws, etc.
Jan 17, 2006, 09:14 PM
No VAT tax.
what if apple bought a private island in the bahamas and did something like that here.
Apple doesn't need to buy a private island that is what the Channel Islands, well not private islands but they are a tax haven and are located just south of the UK in the English Channel before you get to France. The Brits who live there have similar conditions to people living in Monaco in the south of France. They don't have to pay tax or income tax if they are registered as living in the Channel Islands. Some brits who have very high incomes and who don't want to pay tax in the UK have their residense on the island of Gurnsey. Apparently it costs the English government 200 million pounds a year in 'lost' tax revenue :eek: