Profits at Apple’s subsidiary in Ireland rise to $69bn

Main non-US division pays $7.7bn in corporation tax but $20.7bn in dividends to California parent

Apple's main Irish subsidiary paid 7.7bn (6.8bn ) in corporation tax last year, but paid out nearly triple that amount in dividends to its California parent company, after reporting more than $69bn (56bn) in profits.

The latest financial filings for the subsidiary, which is facing legal challenges over its tax arrangements in Ireland, show the Irish division made the equivalent of nearly $190m a day over the year to September.