By Situation Theatre 31/08/2016
Live Aid 1985 raised £150m for Ethiopian famine. Now Apple hopes Live Aid 2016 will raise $20 billion for an equally worthy cause.
Off the back of the news that they’ll have repay $20 billion for paying substantially less tax than other businesses in Ireland, Apple has announced a worldwide aid concert to help them foot the bill.
Even though Ireland’s tax rate is already disturbingly low at 12.5% and Apple channels much of its profits through there for that reason, the mega-corporation still had the gumption to pay only 1% tax on its European profits in 2003, falling to .005 per cent by 2014.
Apple is calling on world famous tax evading musicians like Method Man, Ja Rule and Lauryn Hill to headline the concerts in London and New York.
The new hit singles “Do They Know They Should Pay Taxes” and “We Own The World” should earn Apple a handsome sum, although don’t expect them to pay taxes on any of it.