Apple shifts €5.8bn Oz profit to Irish arm

More than $AUD8.9bn (€5.8bn) in profits have flown from Apple’s Australian operations in the past 10 years to Apple’s Cork subsidiary, it has emerged.

Due to a requirement in Australian law, Apple was forced to reveal figures for its Cork-based subsidiary, Apple Sales International.

These figures were considered by the company to be so sensitive that it redacted them from its submissions to the US Permanent Subcommittee of Investigation into Apple’s tax practices.