“Apple, the world’s most profitable technology company, doesn’t design iPhones [in Reno, Nevada]. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby,” Charles Duhigg and David Kocieniewski report for The New York Times.
“Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states,” Duhigg and Kocieniewski report. “Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those gains.”
Duhigg and Kocieniewski report, “California’s corporate tax rate is 8.84 percent. Nevada’s? Zero… Setting up an office in Reno is just one of many legal methods Apple uses to reduce its worldwide tax bill by billions of dollars each year. As it has in Nevada, Apple has created subsidiaries in low-tax places like Ireland, the Netherlands, Luxembourg and the British Virgin Islands — some little more than a letterbox or an anonymous office — that help cut the taxes it pays around the world. Almost every major corporation tries to minimize its taxes, of course. For Apple, the savings are especially alluring because the company’s profits are so high.”
“Without such tactics, Apple’s federal tax bill in the United States most likely would have been $2.4 billion higher last year, according to a recent study by a former Treasury Department economist, Martin A. Sullivan,” Duhigg and Kocieniewski report. “As it stands, the company paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8 percent. (Apple does not disclose what portion of those payments was in the United States, or what portion is assigned to previous or future years.)”
Read more in the full article here.
MacDailyNews Take: It’s legal. If you don’t like it, elect people who agree with you and change the laws.
Apple is “especially alluring” to The New York Times because The New York Times‘ circulation continues to drop and they desperately need to attract as many eyeballs as possible. That is why they put “Apple” in their headlines and then bury pesky facts like “every major corporation tries to minimize its taxes, of course” within the bowels of their yellow journalism.
So, to recap: “Every major corporation tries to minimize its taxes, of course.” Maximizing profit is every publicly-traded company’s fiduciary duty to their shareholders. Tax avoidance is not tax evasion. What Apple is doing is perfectly legal. If you don’t like the current tax laws, elect people who agree with you and change the laws.
A similar article a year or so ago in Seattle discussed how Microsoft does the same thing. Nevada laws are specifically written to encourage this “tax dodge” and it is all VERY legal.
Just because it’s legal, doesn’t mean it’s right. In addition, only companies large enough to do this will.
Another problem with unbridled capitalism… that puts profits over the greater good.
Grow up, “doesn’t mean it’s right”, What are you? Five.
The Tax laws are clear, every corporation uses these options because they are Legal and available.
Corporations are not a individual person, they have a set of rules that are to be followed, Accountant’s are employed to work within the LAW to save as much money as they can without costing a corporation excessive lost Revenue.
Only a fool would believe that bleeding a company’s profits by the billion would be considered the same a single persons charity to give away something that they don’t own, A company no mater who they are is responsible to be as profitable as the can given the LAWS that are set forth by the country they exist in and as long as it is not breaking the LAW it isn’t a story.
Microsoft, Google, Exxon, etc. All do the same thing, and until the laws are changed putting a conscious to a corporation as if they are a individual is very very naive.
“Grow up, “doesn’t mean it’s right”, What are you? Five.”
Pathetic comment. The OP is right. Apple is a disgrace. It’s about time the law makers stood up and kicked Apple in the nuts and stopped all their clever tax avoidance. Apple is now just a bunch of greedy self-seving rich bastards.
Troll.
There’s nothing wrong with avoiding taxes any way legally possible. It’s our/their own Freaking Money and Democrat scum are constantly trying to separate us from it and then flush it down the toilet!!!!!! NO MORE OF THIS CRAP!!!!!!
You’re a brain-dead-commie-drone!!!!! F you!
OK, lets knock off this junk right now.
Shaun: lets take your idea to its logical conclusion.
Your basic premise is based upon the idea that if I have one dollar more than you, that somehow I owe you 50 cents of that dollar.
Based upon what? The word theft springs to mind. I work very hard for my money. I am willing to bet much harder than you.
Ok, though, lets carry your idea to its logical conclusion. Lets “equalize”, lets “redistribute wealth”.
So here is what we do. You give me your address, I will travel to your location wherever it is. If I have more wealth than you, I will give you half of what I have. If you have more wealth than I do, you give me half of what you have.
Are you that brave? Do you actually think that is fair? I may have worked my tail off for 4 decades and might be a multi-millionaire.
Or not. You don’t know do you?
Shaun, No One believes that taxes should not be paid. But when the waste of tax money has never been higher, with money being distributed who knows where to whom, that argument is a straw man, so don’t even bother to bring it out.
You probably will, redistributionists keep trotting it out there even though it does not work.
But exactly where do you get off thinking that you are owed a portion of what I make beyond what is legally required by the tax code?
Unless you are prepared to answer that question without deflecting it off into nowhere, don’t waste the electrons needed to send a reply.
But other than that, have a nice day.
+ infinity!
Well said!
I agree. Well put!
A self-serving for profit commercial enterprise (that also happens to deliver some of the best products ever seen). The nerve of them.
How dare a corporation desire to be profitable. And how dare anyone want to get rich.
#occupystupidity
shaun, the microsoft licensing offices are at #100 6100 Neil Road REEEEENO, NEVVVVADA. they were there before braeburn, which has existed for just 7 years. they are 3 miles from braeburn capital. it’s in a nice area, tho. i drive by on my way to whole foods, sierra trading post, and guitar center in the same general vicinity.
are they there because there is so much licensing business in reno? did they get a tax break from uncle reid?
the rest of you: stop disgracing all the intelligent 5 year olds out there!
You’re pathetic.
Correct. The right thing to do would be to pay more than they have to and pay more than they are legally required to pay…
Hmm. No scratch that. I think you’re wrong. This is a law question, not a heart question. (OT, not NT).
“Just because it’s legal, doesn’t mean it’s right. ”
Exactly. Taxation is theft, even though it’s “legal” according to the thieves.
-jcr
If the law is not right, what is?
If “Peacan”Pie is not right, what is?
If there is no ultimate right and wrong (no God) then ANYTHING is permissible. Survival of the fittest according to Darwin. Apple is just trying to survive.
“In addition, only companies large enough to do this will.”
You obviously have no idea what you are talking about.
You do realize that any overly complex system, a tax code, for example, is designed to confuse it’s participants, and enable selective enforcement for it’s designers.
So technology companies, and other sophiscated corporations have figured out how to game the system, or beat the house. Good for them, complexity is double edged!
If you really want fairness, you want simple systems, where it is not necessary for companies, or individuals to have to hire accountants, lawyers and lobbyists. A flat tax system, with no loopholes would allow companies to refocus on product and their business, rather than on dealing with the governments system.
Then you would see more innovation, R&D, increased productivity and employment.
This will not happen, as the current government will not wish to relinquish any of it’s precieved control over it’s subjects.
You really think all those CPAs they hire are gonna go into software/hardware design once the taxes are easier? I don’t disagree about the flat tax but I doubt it would have any impact on how fast or well Apple innovated.
Each dollar spent on lawyers, lobbyists and accountants in pursuit of playing the tax shell game, is a dollar not spent on a productive pursuit.
You are obviously not a programmer. You can’t just throw more money at that kind of thing and make it happen faster. Only so many people can be working on one part of a project, innovation takes its own time.
Additionally, Apple, in particular, does more than software, or programming. They design hardware, plan production systems, have retail systems, real estate, etc. All the money, time and talent that are diverted to playing the tax shell game, could be going to other, better purposes.
Please… Lets get moral…your moral is the right one?? right??
Laws are make to make an even playing field. Don’t like it? Get the law changed. Whining is just a kids ploy.
Laws are NOT made to make a level playing field. Laws are made to elicit a desired behavior.
I think it’s interesting that the estimated additional tax is 2.4 billion dollars. That wouldn’t even pay one day’s interest on our national debt. 2.4 billion would be a drop in the bucket, or better still a flash in the pan as far as California’s drunken spend fest is concerned. I’d much rather see the 2.4 billion stay in Apple’s hands.
Everyone is free to draw their own moral conclusions about taking the best advantage of an uneven and complicated tax system. Companies will do all they can to lighten their tax load. What’s outrageous here is tagging the report to Apple, cynically exploiting the public fascination with the company and its magical products, then implying something evil.
Spot on. Similar to Reuter’s report yesterday…
“Workers at a Chinese factory owned by Foxconn, Apple Inc’s main manufacturer, threatened to jump off the roof of a building…”
This factory makes Microsoft Xbox 360 consoles. This issue has nothing to do with Apple and yet there Apple’s name prominently displayed.
I’m not surprised by the number of reader’s denigrating Apple when commenting on the article. Ignoramuses.
+1
unfortunately ignorami breed. oh yeah! and vote.
This is SOP for many (if not all) American business that are big enough to support offices in Nevada.
Nothing to see here folks, move along.
BTW when did people start thinking that giving more than you have to, to the American Mafai, err Government was un American?
That is like telling a family of 4 that buying a $2 gallon of milk (I made this number up, I don’t buy milk so I don’t know how much it costs) is un American, they should pay $6 a gallon and like it. Sheesh!
You are going to take it and you are going to like it!
Humm, I wonder if the NEW YORK TIMES is doing everything it can do to pay as MUCH as it can with THEIR TAXES and not taking any federal or state tax deductions for new equipment, office supplies, charitable donations, etc. ?
0% taxes for NY Times… Freedom of the Press means no tax. Ever pay tax for a newspaper. Nope. That was part of the Boston Tea Party. I do agree NY Slimes should pay taxes because the certainly don’t report the news.
I’m no tax expert or CPA, but according to this article written in April 2011, The New York Times Co. (which owns the NYT newspaper) paid $1.4 billion dollars in taxes over a ten year period prior to 2011.
Ref.: http://www.tax.com/taxcom/taxblog.nsf/Permalink/UBEN-8FNP8R
🙂
NYT is business, too; and I wonder how they treat their international income.
Also, Google and other companies do the same, and yet they are not mentioned in the title of the article.
Apple’s Response on Its Tax Practices
Published: April 28, 2012
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REPRINTS
In response to requests for comment on the company’s tax practices, Apple provided this statement to The New York Times:
Over the past several years, we have created an incredible number of jobs in the United States. The vast majority of our global work force remains in the U.S., with more than 47,000 full-time employees in all 50 states. By focusing on innovation, we’ve created entirely new products and industries, and more than 500,000 jobs for U.S. workers — from the people who create components for our products to the people who deliver them to our customers. Apple’s international growth is creating jobs domestically since we oversee most of our operations from California. We manufacture parts in the U.S. and export them around the world, and U.S. developers create apps that we sell in over 100 countries. As a result, Apple has been among the top creators of American jobs in the past few years.
Apple also pays an enormous amount of taxes which help our local, state and federal governments. In the first half of fiscal year 2012 our U.S. operations have generated almost $5 billion in federal and state income taxes, including income taxes withheld on employee stock gains, making us among the top payers of U.S. income tax.
We have contributed to many charitable causes but have never sought publicity for doing so. Our focus has been on doing the right thing, not getting credit for it. In 2011, we dramatically expanded the number of deserving organizations we support by initiating a matching gift program for our employees.
Apple has conducted all of its business with the highest of ethical standards, complying with applicable laws and accounting rules. We are incredibly proud of all of Apple’s contributions.
As a fan and stock holder of Apple, thank you!
The NYSlimes is at it again. One could read that article and come away thinking Apple is solely responsible for the California fiscal train wreck.
If only Apple paid more taxes! Why, Washington and Sacramento would use that money to responsibly get their houses in order, they would. They wouldn’t dare take those added billions and create an even bigger mess. They’ve learned their lesson; they’re good now. Feed them! Feed the government your money, Apple, so they can create jobs and give us everything else we want and desire.
“Apple sidesteps state income taxes on some of those gains.””
“Some” is the operative word.
Apple’s reported net tax rate is between 24 and 25%. How do you square that with the 9.8%? Some of those taxes are paid, and some of those are deferred, pending repatriation of profits. Either way, those taxes will be paid, when due.
Other studies have shown that Apple pays about 31% in the US on US income, and that implies a rate of 21% on foreign income, but as I noted, much of that is deferred until repatriated. Nevertheless, Apple accounts for those deferred taxes. If it didn’t, Apple’s earnings would be far, far higher.
God home us all. MDN nailed it with the difference between “avoidance” and “evasion”! I started a business 10 years ago and , because I had very savvy tax counsel, I paid NO taxes for 7 years. But I retained the money otherwise meant for the free spending government and was a le to expand. All things come to an end and I now pay taxes. Oh, my 100 employees have been paying taxes for 10 years!
God help us
I am happy you were able to have a few years to defer your taxes while it expanded then finally kick in, however, the part about your employees paying taxes has NOTHING to do with taxes your company profits on.
If Legal is not right then what is right?
NYTimes ought to do more to expose Wall Street slime in its own back yard before shedding crocodile tears over Apple and how much taxes it pays.
NO, how about to expose the massive crime and fraud being committed by Democrats and Unions every waking second of the day!!!!! Start there you EFFING AHOLE!!!!!
Well, we made it clear down to here before someone throws in ‘Democrats this’ and ‘Republicans that’ and ‘Obama the other’ etc etc.
Troll.
Dear troll Linda.
Democrats and Unions??? You sound so much like a Republication Nat. con advertisement that it just hurts.
OF course republicans NEVER do any thing wrong, like cheat on wires, steal money, use power in corrupt fashion… Of course not….
sheeeze
Apple is smart and should continue to find every way to make profit and make people happy with their exceptional products. That is the way smart business’ are run. Who pays more taxes than they have to? Not to mention the ridiculous waste of the taxes.
and the New York Times said God is dead and the war’s begun…yadda, yadda, yawn.
Good for Apple. Why would they want to piss away *their* hard earned profits on taxes which are simply wasted via government programs?
Remember… every dollar that corporate America DOESN’T spend in taxes comes out of the pockets of middle-income earners. It’s not as if less tax comes in to government coffers… it’s just who it comes from.
Not true. The government would simply get the corporate dollar, AND the “middle-income earners'” dollar as well.
Do you really think that if Apple paid more taxes you wouldn’t have to pay taxes anymore?
Do you realize that the government is like a meth addict when it comes to our cash?
How do you figure???
These same “we want more” do gooders drove the Aerospace companies out of California yeas ago. California has been in a downward spiral ever since. Shame on government greed.
Does the Federal Reserve play the stock market?
Does the Governments pool of cash earn interest?
Why yes it does, does the governments interest pay taxes to it’s self – BS, why no – it sure doesn’t. Now tell me what’s wrong?
If the results of the goofy tax laws are objectionable, change the laws. How about for a change structuring the law to ENCOURAGE companies to actually come to the US? You will get more taxes from the paychecks of EMPLOYEES if you stop gouging the very ones who hire them. Zero tax on businesses if their parts are 100% american made would be a nice place to start. Foreign capitol can come into the US tax free provided the companies can demonstrate that at least 25% of it is spent on either direct capitol improvments in the US or direct hiring of workers. Watch the billions begin to flow toward the US. Watch the jobs create. Watch the income tax revenues skyrocket. Why is this not easy to see?
A few other companies in America are also known as “tax cheats” so what Apple does isn’t particularly unusual.
http://www.alternet.org/newsandviews/article/551168/10_of_the_biggest_corporate_tax_cheats_in_america/
Apple can’t be left out of anything now because the company is just so wealthy it just has to stay under scrutiny by everyone.
Exactly. If u don’t like it then vote out the jerks in office. Starting with Obama, who has more ties and associations with Wall St and Goldman Sachs than any predessors.
@ Figurative – care to back that up? Sure, Obama is beholden to Wall Street, do doubt about it. But what’s the alternative that the typical MDN fanboy hails as the answer? The Republican party brings insider corruption to a whole new level. Let’s begin with the TARP. that was John Paulson’s doing — wanna guess who appointed him? Let me give you a hint: He’s the guy who spent the most vacation hours of any president in history cutting brush and mountain biking on his ranch in Crawford while modern Rome was in flames.
Moreover, how are fiscally conservative voters supposed to endorse candidates who are so hypocritical?
http://articles.businessinsider.com/2011-07-26/news/30010325_1_bush-tax-spending-bills-fiscal-responsibility
Research spending habits of either political party, and BOTH are drunken sailors when in power, BOTH handing runaway budgets to their successors when they step down. In fact, republicans historically since WW2 have authorized MORE federal spending than democrats. THERE IS NO FISCALLY RESPONSIBLE PARTY IN THE USA, AND THAT INCLUDES THE SO-CALLED “TEA PARTY”.
A fiscal conservative would balance the budget aggressively by slashing those individual spending items that do not have economic multipliers to pay for themselves in 5 years or less. Hack out every tax loophole that was gerrymandered into place by the corrupt parties that gridlock Congress today. Taxes would be automated and would offer no special interest deductions of any kind. Not time wasted as a nation preparing for tax day. Expenses incurred in foreign operations would be significantly curtailed to diplomatic action only unless specifically authorized by popular referendum.
What candidate supports this, i’d like to know.
Oh, that’s right. Teddy Roosevelt — a progressive republican which no longer exists on the planet.
Communism doesn’t exist and NOR does Democracy.
Vote this or that. Left to Right. Social Democracy or a Capitalist Democracy. America is a joke. Both sides are as corrupt as the other. One day the people of America will rise up like that of Venezuela. To demand a leader who rightfully leads the people. Since Kennedy there has not been a real President.
Oh and all your laws are as screwed up as the state of the Nation is. America has already fallen, in fact it was declared bankrupt many years ago. Yet, America can not face to be a loser so it batters and baggers and deals in the business of other Nations for it’s own interest.
Like Android, America must die as well. And the only good that shall come from the ashes is its’ REBIRTH.
Scooby Doo oo oo oo… where are you?
Just note: you are very close to an answer and not because yoga re right about both sides being corrupted but by talking about rebirth of the States… let’s do it…. I am in too… but don’t you ever think of death wishes for those that have room for improvement… a few had your idea in another part of the world and instead of improving they tried to put their country to death for a great rebirth… what happened is now known as Islamic Republic of Iran… That was a mistake… don’t make that mistake cause as much as you are trying to recreate the States so are others waiting to ruin it first…. and they will be ready to create their own USA and you and I, and many other human beings are not included in it.
MDN’s take is pathetic. So much for holding a principled position, huh?
“It’s legal. If you don’t like it, elect people who agree with you and change the laws.”
Two problems with the above attitude:
1) it’s the quick way to disenfranchise the home market and piss off the very people who made you successful to begin with. Why stop at Nevada, after all? Why not move to the Cayman Islands and continue to evade paying the taxes which supports the infrastructure on which your main operations in the USA rely on every day? To the extremist capitalist, there is no such thing as patriotism.
2) as extremist capitalists rush to find the countries with no regulation, they effectively underwrite the corrupt parties that enable immoral and unethical behavior abroad, and we all pay the price. hey, it was legal in Columbia to hire prostitutes, so there should be no shame in the Secret Service really letting it all hang out when off duty, right? Apparently not. Actions have consequences, even if laws aren’t up to snuff in most corners of the world.
Apple: you’re a world player, that’s good. Now do the right thing and pay the taxes where you use infrastructure rather than passing the buck to the (former) middle class who has been left holding the bad for 50 years now as factory after factory moves to those “legal” low tax havens.
Please read the actual article and the Sullivan paper. Apple is not sidestepping billions in taxes. The Sullivan paper argues that Apple should allocate 50% of its income to the US and not 30%, but that’s highly debatable. Either way, Apple has set aside US taxes on 60% of its foreign income, so it’s a moot point. If you do the math, Apple is planning to pay US taxes on over 70% of its income.
Perversely, by using legal foreign tax havens, Apple may pay lower foreign taxes, but since they have to pay the balance of US taxes, that may mean they pay MORE to Uncle Sam.
Comrade Mike, YOU ARE PATHETIC, YOU JACK ASS!!!!
The real enemy is liberalism, Socialism, Marxism, Demotardism, communism, dictatorshipism, Unionism, destroying the constitutionism, and so on.
Exactly what the DemoTard party is tirelessly working towards.
So take your post and shove it, Comrade Mike!
How come nobody complained about Microsoft’s over 75% margins?
http://ycharts.com/companies/MSFT/gross_profit_margin
And Dick Cheney moved Halliburton from Texas to Dubai while he was vice president of the US and still on salary as president of Halliburton. And, no payroll tax paid for any employee worldwide.
Okay, I’ve read the Sullivan paper, as it was quite short, as opposed to the confusing NYTs article.
He argues since Apple designs its products in the US, it should allocate a higher percentage of its sales to the US. He argues for 50%, which would result in $2.4B more paid in “cash” taxes in 2011. Of course, this is arguable. US sales are only 39% of Apple’s total, and US profit on those sales is only 30%. Is it unusual for Apple’s foreign profit on sales to be higher than in the US, as the 30% is lower than 39%? Not at all as Apple has lower margins on its store sales, and a preponderance of stores are in the US. Foreign sales also benefit from a foreign exchange cushion. Apple prices products overseas to take into account forex volatility. So, it’s not surprising that Apple makes more on foreign sales than US sales.
The other interesting note he makes is: “Apple would have a lower reported effective tax rate and higher profits if it recorded its tax expense the way most other companies do… companies assume all of their unrepatriated foreign profits are permanently reinvested offshore.”
He expresses surprise that Apple actually reports that it intends to repatriate about 60% of its foreign profits, as “most companies” do the opposite to boost earnings.
He muses that Apple might be saving for the future, or avoiding negative publicity. Well, it didn’t avoid the publicity. Perhaps, Apple is doing what it says, it plans to pay those taxes. This makes the source of income argument a moot point.
The other taxes the NYTs seems to indict Apple for are the taxes on its US cash investments, which might amount to about $30M a year, as Apple makes less than 1% on its ~$35B US cash. The other bit is about R&D tax credits, but amortized, those work out to about $27M a year, hardly “billions”.
If the “billions” are only related to the Sullivan paper which was all of a page and a half, the the NYTs article is mostly a headline looking for a story. Sullivan actually expresses surprise that Apple is recording taxes on foreign income that he states most companies do not, in order to boost income. He thinks Apple is either saving for a rainy day or trying to avoid negative publicity. He doesn’t stop to think that perhaps Apple is actually considering repatriating about 60% of its cash and thus setting aside taxes, as the US requires. Those other companies that do not, are treading a fine line.
I hate to keep adding to my comment, but I’m trying to distill the NYTs and Sullivan paper down to its essence.
Sullivan basically argues that Apple should allocate 50% of its income to US sources, and not 30%. The NYTs states that Apple paid “cash” taxes of $3.3B, and we know to Sulivan’s surprise that Apple recorded taxes accounted for of $8.3B. The balance, $5B, is deferred until repatriated.
Since Sullivan concludes that Apple would have paid ~$6B in US taxes if 50% is US income and ~$8.4B if 70% is US income, it is interesting that Apple has actually accounted for and set aside, $8.3B.
The numbers are approximate because Sullivan uses a US corp tax rate of 35%, and I use the estimated US tax rate that Sullivan calculates of 29%, but it appears that Apple is calculating that more than 70% of its global income will eventually be taxed at its US corporate tax rate, just as Sullivan wishes. There are no missing “billions”.
Why does Apple has to pay more taxes than what it is legally allowed so that politicians and their pork-barrel cronies can waste it to wage unnecessary wars around the world and not use it for the betterment of its citizens?
Shouldn’t you say, “pay more taxes than is it legally required”, and, no, taxes go to fixing the potholes means yes, for the good of the people. So, no i don’t agree. lol.
If taxes went to fix potholes (well, some do) that would be fine.
However……………………….. oh, why even bother.
Most of the fiscal problems afflicting California can be attributed to left wing commies running the state. The sooner the pinko commies are kicked out of office, the sooner the fiscal problems will disappear.
It doesn’t take a genius to solve the problem. It isn’t by raising taxes. It’s by running a fiscally responsible budget, something these pinko commies libtards have no idea about.
That’s the wrinkled up salty, trite sack I know. Your news is: 1) Fox, 2) WSJ, and conservative talk radio. Oh, how did I know. Hahahaha.
Not sure how California taxes are considered “global taxes.”
LOOKING FOR A GOOD NYTIMES replacement. Care to recommend a good source for US and World news? (The nytimes paywall makes me crazy. Over $200/year for web access, with iPhone and iPad access a premium beyond? Give me a break.)
try BBC
I’m appalled that billions of dollars of Apple shareholder’s money is stolen by government, instead of staying in private hands where it’s used to make lives better.
-jcr
Absolutely!!!!!! The Drones have know idea what you are saying though. They buy the commie-propaganda hook, line, and sinker!!!!! Dangerous-losers!!!!!
Every company uses tax breaks. Everybody. Apple pays plenty of taxes both domestically and abroad. They have created ecosystems for developers, retail staff and hardware makers. Why does Apple get yet another hit piece in the Times? It’s ridiculous. I stopped reading the NYT for crap like this and almost exclusively read blogs like Andrew Sullivan.
Define “plenty” as a percentage of their income. Go on, I’m listening.
Better yet. Define “income”.
Not until you know the statutory definition of “income” can you determine what portion of your income is taxable.