Apple and its tax rate

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Kestrel
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Re: Apple and its tax rate

Postby Kestrel » Tue Nov 06, 2012 5:18 am

CaptainKickback wrote:Okay, I will be the first to admit that the world of tax laws for large/huge corporations is a foreign world to me.

Long story short, taking advantage of the way tax laws are written, Apple managed to avoid income taxation on almost all of the money it made overseas.

I find it fascinating.

You omitted one word. Domestic operations were still taxed at the US 35% corporate tax rate.

It's not just the costs of labor and materials that make companies want to move large portions of their manufacturing operations to overseas locations.
"Never try to teach a pig to sing. It wastes your time and annoys the pig." - Robert Heinlein

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