Some important context that are in every European media, but apparently not the American ones [1]. Apple said in 2017 that it had an effective tax rate of 21 p

Some important context that are in every European media, but apparently not the American ones [1]. Apple said in 2017 that it had an effective tax rate of 21 percent on foreign earnings. The Commission said its effective tax rate on European profits was 1 percent in 2003 and 0.005 percent in 2014. [Edit] To be fair to CNBC they did cover the tax structure Apple set up some years ago [2]. [1] https://www.politico.eu/article/commission-scores-surprise-win-in-apple-tax-row/ https://www.politico.eu/article/commission-scores-surprise-w... [2] https://www.cnbc.com/2016/08/30/how-apples-irish-subsidiaries-paid-a-0005-percent-tax-rate-in-2014.html https://www.cnbc.com/2016/08/30/how-apples-irish-subsidiarie...