I'm rolling on the floor laughing my ass off on that "exposé' by a super liberal socialist anti capitalist unthinktank. Here's what their research claims Apple is "hiding":
Apple is currently on the top of Oxfam’s list. Oxfam believes Apple is holding $181 billion offshore in three subsidiaries.
The deep research in 2015 MISSED about $30 Billion. . . and Apple is hiding nothing. Apple reports it's off shore cash and short term holdings every quarter in the quarterly public financial conference call, and also in their publicly filed with the Federal Exchange Commission quarterly form 10-Q. I say that the Oxfam's ace researchers missed $30 Billion in Apple's "hidden" off-shore assets because had they just bothered to READ THE F'N 10-Q, they would have learned that Apple's off-shore accumulated assets the quarter before they released their hyperbolic report was over $212 Billion, all of which Apple had already paid its US and foreign Income Taxes on. . . and they'd have learned that Apple's effective tax rate on its gross profit was 28.3% that quarter. . . including the tax credits, set asides, etc, they claim far out weighed the actual taxes paid, which is a pile of steaming bovine excrement.
The Panama Papers it turns out indict very few American companies, but lots of foreign ones. Nice try. As I stated, Apple's audited books and publicly filed reports account for every dollar, and tell where those ALREADY TAXED dollars are.
Did you not bother to read the FACTS I posted above before you googled and linked to an article on a report from a known anticapitalist, socialist lying organization dedicated to overthrowing our economy? Apparently not. The so-called Panama .
"Tim Cook will mark his five-year anniversary as the CEO of Apple by doing something that his predecessor Steve Jobs typically avoided: hosting a fundraiser for a presidential candidate. On Wednesday, Cook and Lisa Jackson, Apple's (AAPL, Tech30) head of environmental initiatives, will host an event in California to raise money for Hillary Clinton's presidential campaign. Those invited have reportedly been asked to contribute as much as $50,000.": Silicon Valley throws big money at Clinton and virtually nothing at Trump
Oxfam's allegations remain under investigation in court. If they've got the paperwork to back it up, laughing it off as "a super liberal socialist anti capitalist unthinktank" isn't going to cut it.
State aid ruling shows Apple is the tip of the iceberg in Ireland