Apple paid less than 2% tax on overseas profit last year

US-based consumer electronics giant paid just $713m in overseas corporation tax on profits of $36.87bn Apple paid less than 2% tax on profit made outside the United States last year. The iPhone and iPad maker paid $713m (£445m) in overseas corporation tax on foreign profits of $36.87bn (£23bn) in the year to the end of September. That translates as a tax rate of 1.9%, compared to a headline corporation tax rate of 35% in the US and 24% in the UK. The details were revealed in Apple's 10K fi...