|Jan 4, 2013, 02:53 PM||#1|
Apple Paid $6 Billion in Federal Income Tax in 2012, 1/40 of All U.S. Corporate Income Tax Collected
The New York Times reports on a congressional investigation into the tax policies of technology giants, including Apple.
The Senate Permanent Subcommittee on Investigations is nearly finished with a year-long investigation into the methods that large technology companies use to avoid paying U.S. corporate income tax. Apple, for its part, allocates some 70 percent of its income to overseas affiliates where tax rates are much lower.
It appears that all of Apple's techniques are legal by U.S. law, though some politicians have said that corporations going to extraordinary lengths to avoid paying income tax and that they are violating the spirit of tax laws.
Apple also has moved revenue to its Braeburn subsidiary in Nevada and International locales where the company pays little to no tax.
Note: Due to the inevitable political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Article Link: Apple Paid $6 Billion in Federal Income Tax in 2012, 1/40 of All U.S. Corporate Income Tax Collected
|Thread Tools||Search this Thread|
|thread||Thread Starter||Forum||Replies||Last Post|
|Should the number of votes you get depend on your income and taxes paid?||G51989||Politics, Religion, Social Issues||28||May 16, 2014 02:45 PM|
|Apple Under Investigation for $1.3 Billion Italian Tax Fraud||MacRumors||Mac Blog Discussion||135||Dec 12, 2013 02:27 AM|
|Eliminating the Corporate Income Tax||ravenvii||Politics, Religion, Social Issues||40||Jun 28, 2012 04:24 PM|
All times are GMT -5. The time now is 11:22 PM.