Apple pays $1.5 billion tax bill for using a foreign language on iPhone 5S

Apple has paid a $1 billion tax charge in the United States and is preparing to pay another $400 million in federal taxes to the government.The New York Times first reported the new tax bill, which was revealed Monday in a court filing.The U.S. Treasury Department said Apple paid $1,095 million in taxes on $2.1…

Published by admin inJuly 16, 2021
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Apple has paid a $1 billion tax charge in the United States and is preparing to pay another $400 million in federal taxes to the government.

The New York Times first reported the new tax bill, which was revealed Monday in a court filing.

The U.S. Treasury Department said Apple paid $1,095 million in taxes on $2.1 billion in sales in 2017, making it the largest single customer of a company that had been accused of misleading consumers about the quality of its products.

Apple said in its filing that the tax bill represents a one-time cost of $1 million, with the rest of the bill being due in 2021 and 2021, respectively.

Apple will pay $350 million to the Treasury and $100 million to state and local governments, which will receive a share of the remaining $400 in taxes.

The company has until Dec. 31 to pay.

The filing also revealed Apple paid another $425 million in tax on $1 and $2 billion in U.s. profits that it earned between 2011 and 2017.

The company also said in the filing that it is working on a plan to resolve its tax issues, including a plan for the repatriation of foreign earnings that it would pay to its foreign subsidiaries.

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