The Paradise Papers
have revealed that Apple
has a secretive new structure that has enabled it to avoid a 2013 clampdown on its tax practices in Ireland. After widespread criticism of its tax affairs, the company has moved the firm holding the majority of its untaxed offshore cash to Jersey in the Channel Islands, allowing it to keep an ultra-low tax rate. Apple has defended its move, saying that its new structure has not lowered its taxes and that it remains the world's largest taxpayer, paying approximately $35 billion of corporation tax over the past three years.
The firm Apple moved to Jersey holds $252 billion in offshore cash. That's a lot of dough. So much in fact that it's hard to imagine what Apple could actually buy with it. The following infographic attempts to put the sum into perspective by showing a selection of different things the company could possibly purchase with all ifs offshore cash. $252 billion would be enough to buy Neymar 1,272 times or 577 Airbus A380s