Swordmaker, I am not drawing any conclusions I am only quoting from articles that I have read. I obviously do not have access to the inside info that you do. I am relying strictly to media outlets such as Business Insider which I provided a link to for my information.
Obviously these media sources are part of the same vast right wing conspiracy trying to take poor Hillary down. /s
Maybe they are doing this because as Breitbart reported in the following article “Apple’s CEO Tim Cook Hosts $50,000-per-Ticket Hillary Fundraiser”
This is not to mention the countless millions Apple has been funneling to the Clintons through the Clinton Foundation. So if you want to find someone sympathetic toward Apple's current legal difficulties because of their long established pattern of tax evasion you are going to have to find someone other than me.
Apple is, has been and will continue to be completely in the tank for the Democrats. If you like their products, that is fine, but the political activities of their leadership is a blight on our country.
Neither Apple nor Tim Cook are among the listed donors to the Clinton Foundation, nor has Apple ever paid either of the Clintons to come and make a speech, nor were they among the major donors to the Democrats in the 2012 Election cycle. There were some small, minor donations from individuals associated with Apple and the Apple Employees Political Action Committee made donations, but NOT Apple. THAT was why Apple was targeted by the Democrats for special attention for tax problems in the Senate. Apple did not even have a Lobbying presence in Washington, D. C. until after that event. Sorry, you are just dead wrong on your allegations.
You did indeed draw conclusions not based in anything you read. You concluded that Apple must be reporting less taxes on their IRS forms than they do in their financial statements. One of the other is therefore a lie. . . A crime on either one which you accused Apple of committing based on ZERO evidence. That was a conclusion you made and stated as a fact.
You made that claim and others which refuted completely in your last post. . . You are using sources of dubious repute using other sources of dubious repute to make your conclusionary claims of illegal activities, claims of lies made by Apple officers which you cannot back up, lies that are easily checked by anyone who bothers to investigate even those things you claim are not matching, which YOU DIDN'T BOTHER TO DO BEFORE YOU POSTED YOUR LIES.
That means that what you carelessly post is unchecked, the work of a few seconds, and is therefor likely to be false, and/or made up on the spur of the moment to support your vile agenda, and nothing you post can be trusted to be at all truthful! From that, I conclude that you have no honor!
Now you escalate your accusations of criminal activity on the part of Apple to "tax evasion."
You also cannot document anywhere Apple has participated in TAX EVASION. There is a huge difference between Tax Avoidance which is perfectly LEGAL and the criminal act of TAX EVASION, which you just accused Apple of participating in, You have ZERO facts to back up your calumny, all of which you just made up out of your facturds you've pulled out of your nether regions. Which make it all just more of your lies. Not even a good college try, because you offered not an iota of evidence, not a whit!
Are you sure you are on the right site for the spewing of your propagandist lies? The Democrats do that kind of thing. Perhaps they may be in better need of your particlular talents.
Criticize Apple's leadership's political positions all you like, but don't do it with lies and accusations of criminal activity unless you can back it up with facts.
"For those that believe Apple is doing something incredibly wrong here, it is important to point out that the company has the highest effective GAAP rate when compared to many large cap US tech names. Just take a look at some of these facts:
(Author note: All information for tax rates sourced from respective company 10-Q and 10-K filings on SEC Edgar site.)
- From fiscal 2013 through 2015, Apple's tax rate came in around 26.20%, and it is above 25% so far this fiscal year.
- Microsoft (NASDAQ:MSFT) - In its last three fiscal years, average tax rate is 22.72%, with two years under 21% (one year under 15%!).
- In its last two fiscal years, Cisco Systems (NASDAQ:CSCO) has averaged an 18.25% rate.
- From 2013 to 2015, Google (NASDAQ:GOOG) (NASDAQ:GOOGL) averaged 18.33% and has not had a yearly rate higher than 21.08%.
- IBM (NYSE:IBM) in 2014 and 2015 averaged just over 19%, with last year barely being above 16%.
Between fiscal 2013 and 2015, Apple reported a GAAP provision for income taxes of more than $46.2 billion. That's more than $10 billion more than the four names I mentioned above paid in a combined ten fiscal year periods! Imagine how much more Apple would have earned if it had a tax rate as low as some of these others.