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> You should be able to plug numbers into a spreadsheet and get it. But we have that. Take profits and multiply by 0.35. Done.* The fact that Apple effectivel
by hyperbovine 11y ago
> You should be able to plug numbers into a spreadsheet and get it.
But we have that. Take profits and multiply by 0.35. Done.*
The fact that Apple effectively pays less than %10 corporate tax rate in the US is, I think, what the parent poster was referring to.
- jph 11y agoYes. Thanks for posting this. I've edited my original post to add your information.
- bpodgursky 11y ago* except that's not really true For it to be this simple, you're declaring that every company paying less than 35% tax is in breach of the law. Which is obviously not the case in the eyes of the IRS -- there is totally legitimate foreign income, deductions, etc etc. Whether you think those things are a GOOD idea doesn't matter, there are plenty of companies paying way less than 35% which are not going to get prosecuted, and the IRS would declare in the clear.
- nodamage 11y ago> The fact that Apple effectively pays less than %10 corporate tax rate in the US is, I think, what the parent poster was referring to. Can you source this claim, please? The only sources I've seen that make this claim arrive at this number by treating Apple's worldwide sales as if they were entirely US sales, which is an absurd basis for this calculation.