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Business

Paradise Papers: Apple reacts to media reports

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Apple Inc has said none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 were specially designed to preserve tax payments to the United States, and not to reduce taxes anywhere else. As David Pollard reports, the statement follows criticism of its tax affairs after reports based on the "Paradise Papers" showed that the iPhone maker shifted key parts of its business to Jersey as an offshore tax haven in a move to maintain a low tax rate.

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