29 Apr '12, 3am

Apple: Mega-Profit, Curiously Modest Taxes | Care2 Causes

Apple: Mega-Profit, Curiously Modest Taxes | Care2 Causes

Apple avoids paying billions of dollars in taxes to the US and other countries thanks to a number of legal strategies that include setting up subsidiaries far from its headquarters in Cupertino, California. According to the New York Times , Apple has set up offices in low-tax places like Ireland, the Netherlands, Luxembourg and the British Virgin Islands to reduce the amount of taxes it pays. While such practices are not uncommon among companies, Apple’s methods are drawing notice as, even though the company is raking in titanic profits (up to $45.6 billion this fiscal year, a record for American business), its tax rate has remained low. Last year, Apple made a reported profit of $34.2 billion and paid cash taxes of $3.3 billion around the world, a tax rate of 9.8 percent. In contrast, Wal-Mart’s tax rate on a booked profit of $24.4 billion was 24 percent, resulting in tax...

Full article: http://www.care2.com/causes/apple-mega-profit-curiously-m...

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Apple avoiding global taxes?

Apple avoiding global taxes?

channelnewsasia.com 29 Apr '12, 2am

NEW YORK: Gadget giant Apple is avoiding billions of dollars in taxes by setting up small offices around the world to coll...

Apple avoiding billions of dollars in global taxes, The New York Times reported on Saturday.

Apple avoiding billions of dollars in global ta...

straitstimes.com 29 Apr '12, 2am

Gadget giant Apple is avoiding billions of dollars in taxes by setting up small offices around the world to collect and in...

Apple avoiding billions in global taxes: report

Apple avoiding billions in global taxes: report

channelnewsasia.com 29 Apr '12, 1am

NEW YORK: Gadget giant Apple is avoiding billions of dollars in taxes by setting up small offices around the world to coll...

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Communication Towers Kill Nearly 7 Million Bird...

care2.com 28 Apr '12, 11pm

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Research Firm Blames Monsanto for Bee Deaths So...Monsanto Buys It | Care2 Causes

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