Re: Apple and its tax rate
Posted: Tue Nov 06, 2012 4:18 am
You omitted one word. Domestic operations were still taxed at the US 35% corporate tax rate.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.
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.