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Why this blatant falsification of facts? In 2014, Apple's earnings before interest and taxes was $53,483,000 and the income tax expense was $13,973,000. That's
by tinkerrr 10y ago
Why this blatant falsification of facts? In 2014, Apple's earnings before interest and taxes was $53,483,000 and the income tax expense was $13,973,000. That's 26.12% effective tax rate. All data from Yahoo! Finance: https://finance.yahoo.com/quote/AAPL/financials?p=AAPL https://finance.yahoo.com/quote/AAPL/financials?p=AAPL. It's a similar tax rate in other years too.
- andmarios 10y agoDid you read the article? The numbers I wrote are straight from the European Commission. As a European Union citizen I trust EC's findings more than yahoo. Also, do you really think that Apple made only 50 million in Europe in 2014? What is it? A startup?
- cowls 10y agoThis article is regarding Apple's EU profits, the Yahoo statement (I think?) is global profits. Also the income statement says: All numbers in thousands So you need to add 000 to the end of those numbers
- jandrese 10y agoIt seems silly to price in thousands when you're talking about billions. Either go all the way and show billions, or show dollars. Don't try to do some halfassed compromise.
- CJefferson 10y agoApple made $53 million in a year?
- jdmichal 10y ago> At the centre of the Apple controversy are two of the company’s subsidiaries, Apple Operations Europe and Apple Sales International. Find me those numbers, not those of the US parent company Apple, and you have an argument.
- deleted 10y ago[deleted]
- artimaeis 10y agoThe numbers Yahoo Finance provides are in thousands, so that's $53.4bn in Earnings Before Interest and Taxes and $13.9bn in Income Tax Expense. Regardless, that's their global financial accounting. It doesn't detail out the EU revenue/taxes in particular. The article linked discusses that specifically. That's where the 0.005% number comes from.