4 ms·
"Between 2003 and 2014, the European Commission found, Apple had lowered its effective corporate tax rate from 1% to just 0.005%." https://observer.com/2019/09
by hlfy_hn 6y ago
"Between 2003 and 2014, the European Commission found, Apple had lowered its effective corporate tax rate from 1% to just 0.005%."
https://observer.com/2019/09/apple-ireland-tax-lawsuit-european-union-corporate-tax-dodging/ https://observer.com/2019/09/apple-ireland-tax-lawsuit-europ...
1. I don't know why I get downvoted
2. I would not say a corporate tax rate of 0.005% is high.
- ogre_codes 6y agoDidn't down vote you, but you are quoting a biased source. Maybe Apple pays 0.005% in the EU, but since 2011, Apple's paid over $10b/ year every single year (and many years it's been higher). This is on public record: https://www.macrotrends.net/stocks/charts/AAPL/apple/total-provision-income-taxes https://www.macrotrends.net/stocks/charts/AAPL/apple/total-p... > I would not say a corporate tax rate of 0.005% is high. I'm not sure what that number comes from so I can't say, but since they paid $10b/ year for the past 9+ years, they'd have to have 2 trillion dollars in profit in a single year for that rate to be accurate.