Apple sold $4.2 billion of product in New Zealand, paid $0 local taxes
The big technology story in New Zealand this weekend is about Apple's tax bill. Or rather, the lack thereof. The electronics giant sold $4.2 billion (NZD) worth of products in New Zealand, but it didn't pay any local tax at all. That's according to a Saturday report from the New Zealand Herald. Apple did pay $37 million in income tax based on its New Zealand sales, but it paid that money to the Australian government, since that's where the New Zealand operation is run from.