APPLe, the world’s largest business by stock market value, is set to be thrust back into the eye of a political storm after new documents reveal that it paid less than 2 per cent tax on its overseas profits in the year to 30 September.
Regulatory filings in the United States show the mobiles-to-iPads giant paid $713 million (£445m) corporation tax overseas even as profits rocketed to $36.8 billion.