Apple pays 2% corporate income tax,
because it’s profits magiccaly show up in Ireland.
don’t believe me?
go here.
http://www.businessinsider.com/how-apple-reduces-what-it-pays-in-taxes-2013-5
BI leans left. Walter Hickey also writes for The Atlantic.
And frankly, the USA’s corporate tax rate ought to be 2 percent or even less, not 35 percent. The EU is trying to bully Ireland into “harmonizing” with certain other EU countries at a 25% corporate tax rate.
I don't believe you, or them, because their claims have been debunked multiple times with audited records. Being a publicly traded corporation, ALL of Apple's Financial Records are available on their website for your and anyone's perusal. The taxes they pay are listed on the Quarterly 10-Qs and the Annual 10-Ks. These reports always include their total Tax Expenditures. Sorry, you and they are just plain wrong.
Apple's effective tax rate, after all deductions and credits were taken, was 26.8% laat year . . . and shows on it's audited books.
Apple paid $1 out of $40 of corporate income taxes in the United States in 2012, the year they were talking about, and in fact paid more than any other US business that year in US Income taxes. . . and that is how LIBERALS LIE.
That 2% rate is not the income tax rate on money earned on EARNED REVENUES. The 2% rate is on assets they ALREADY have paid Income taxes on when it was earned and is approximately the CAPITAL GAINS tax rate in Ireland on income from invested earnings.
Apple's assets in the United States have NOT been transferred to Ireland.
Income earned in the USA has been kept in the United States. It is illegal to transfer money out of the USA like these bozos claimed. Check with the DEA on that. That claim in the report was what caused Apple to be called into a Senate subcommittee on the claim that Apple did not pay any US Income Taxes. Apple did not sell those goods in the United States, and DID pay income taxes in the countries where Apple products were sold, provided audited tax returns showing the taxes where they were sold, and showed these tax returns to Congress.
The claim that Apple had no employees in Ireland was also shown to be completely bogus. Ireland has thousands of Apple employees and has had for years. Oops.
What these European Union Liberal Weenies are wanting to do is to force Ireland to change their tax codes and rates that have made Ireland a success in business. . . and make them a failure like the rest of the Socialist Countries in the EU, like Greece, Spain, and the other failed experiments of the Liberals.
These are facts, not the mis-information promulgated by Liberals who wanted to raid already taxed money legally held by every international corporation.
This is how you tell LOW INFORMATION VOTERS that Apple did not pay Income taxes. Apple's assets in the United States have NOT been transferred to Ireland. They have been kept in the United States.
Nothing "magic" about it. Those are all POST TAX PROFITS. Would you have preferred that Apple had put their profits in Greek banks, where the Greek Government announced one morning that 10% of all bank accounts were forthwith confiscated because the government needed the funds??? That happened. All socialist countries salivated over that move and several US Congress Critters introduced bills to allow that move in the US. . . and it IS incorporated into Obamacare!