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Your tax knowledge needs a lot of work. The point of Apple's tax evasion strategies is that despite selling a lot of product in the USA, Apple's paperwork show
by jellicle 10y ago
Your tax knowledge needs a lot of work. The point of Apple's tax evasion strategies is that despite selling a lot of product in the USA, Apple's paperwork shows very little profit in the USA and therefore pays no taxes.
Apple hasn't paid a cent of tax on that $246 billion, for one.
"How Apple paid just 0.005% tax on its global profits"
http://money.cnn.com/2016/08/30/technology/apple-tax-ruling-numbers/ http://money.cnn.com/2016/08/30/technology/apple-tax-ruling-...
> The "double dutch" strategy revolved around how much value you assigned to your IP and moving that IP to tax favorable countries. It's no longer legal or used.
It is still legal and used.
- adventured 10y agoIt's amusing that you claim their tax knowledge needs work, when the facts prove your premise to be wrong. Fact: most of Apple's global income taxes, are domestic. Apple's paperwork shows immense domestic profit. Of Apple's $15.64 billion in income taxes for fiscal 2016, $8.64 billion of that was domestic, with a further $4.9 billion domestic deferred. Foreign income taxes out of the $15.64b, was a mere $2.11 billion.