Tax, another thorny issue internationally for Apple over the past year after the European Union handed the company a $20b overdue tax bill, amounted to $10m paid locally over the past year to Inland Revenue. Photo: ReutersAfter years of double-digit revenue growth, Kiwi consumers appear to be falling out of love with Apple with the personal electronics giants posting flat revenue growth for its New Zealand subsidiary. The worlds' largest company, on the back of its premium mobile phones and tablets, had reported average revenue growth in New Zealand over the previous five years of 12.1 per cent. Tax, a thorny issue internationally for Apple over the past year after the European Union handed the company a $20b overdue tax bill, amounted to $10m paid locally over the past year to Inland Revenue. During the year Apple also paid a $28.4m dividend during the period to its immediate parent in Australia.

Source: Otago Daily Times March 01, 2017 03:58 UTC