4 ms·
The comment was not directed at Apple's tax avoidance, but rather at the fact that most people don't care about what companies do. Regardless, this is a quote
by foota 11y ago
The comment was not directed at Apple's tax avoidance, but rather at the fact that most people don't care about what companies do.
Regardless, this is a quote from Apple's 2015 10K filing (whatever that is)
"The Company’s effective tax rates for 2015, 2014 and 2013 differ from the statutory federal income tax rate of 35% due primarily to
certain undistributed foreign earnings, a substantial portion of which was generated by subsidiaries organized in Ireland, for which no U.S.
taxes are provided when such earnings are intended to be indefinitely reinvested outside the U.S. The higher effective tax rate during 2015
compared to 2014 was due primarily to higher foreign taxes. The effective tax rate in 2014 compared to 2013 was relatively flat."