Apple May Offshore iTunes To Duck Taxes
from the wouldn't-you? dept
theodp writes "Taking a page from other retailers, Apple has reportedly confirmed that it is investigating the possibility of setting up an online iTunes store in the Channel Islands so its UK customers can avoid having to pay VAT thanks to the use of a loophole that's been termed a cynical tax dodge." Of course, if you're a business, it's hard to see why you wouldn't want to do such a thing. While it's fun to try to blame businesses for taking a "tax dodge," it's hard to blame them when all of your competitors are doing the same thing.