Tuesday, April 17, 2012

Apple corporate income tax

  • How much of your income went to taxes this year? Theres a decent chance Apple Inc. paid a smaller share.
  • (Huffington Post)
  • How much does Apple, the world's most valuable company, pay in taxes? About 9.8 percent—less than a third of the U.S.'s 35 percent top corporate income tax rate—according to a report being published Tuesday (aka, Tax Day).
  • (Law.com)
  • Apple and Facebook's Double Books Under current rules Companies that qualify for this law's "S Corporation" status do not have to pay federal corporate income taxes.
  • (AlterNet)
  • Anti-tax crusader Grover Norquist says dropping corporate rates to 25% is just the first bite at the apple.
  • (Yahoo Finance)
  • News today that Apple is being investigated by the UK taxman over the payment or non-payment of corporation tax (the corporate income tax to Americans). This follows hot on the heels of news of a similar investigation into Amazon in the country.
  • (Forbes)
  • Are corporate chieftains really received no security services from Apple last year before he died. Rather, directors often dole out personal safety perks to ease a chief executive's tax bill.
  • (New York Times)
  • Nothing is more fun for liberals than to catch a big multinational abusing U.S. tax laws. Google, Cisco, General Electric, and Apple -- to name a few -- now could follow their inclinations to keep corporate taxes high with few qualms.
  • (Huffington Post)
  • If thats the rule, why shouldnt you pay income tax on your Apple stock? Instead you dont even have she will pay a higher rate. Meanwhile corporation taxes -- so beloved on the left - are flat or even regressive in their effects.
  • (Smart Money)
  • For Apple tax break have been using in its defense. In a recent interview, Sen. Kay Hagan (D-N.C.) said the holiday would allow companies to put $1 trillion of foreign earnings back to work in the U.S. economy.
  • (Motley Fool)
  • Indeed, 16 of the 17 percentage points reduction in Microsofts effective rate was due to income earned overseas being taxed at a lower rate.
  • (The Guardian)

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