Apple has found a way to save itself from paying taxes to the U.K., a new report out of the country claims.
Despite generating pre-tax profits of 68 million pounds ($103.6 million) during its last fiscal year that ended in September 2012, Apple didn't pay a single dime in taxes to U.K. authorities, The Financial Times reported Sunday, citing corporate filings with the U.K. government. In the prior year, Apple paid 11.4 million pounds.
So, how did Apple sidestep those taxes? According to The Financial Times, the company awarded millions in stock awards to … Read more