Ⓐnarcho Queer • Apple ‘Avoiding Billions In Global Taxes,’ Report...
Apple ‘Avoiding Billions In Global Taxes,’ Report Claims Gadget giant Apple is avoiding billions of dollars in taxes by setting up small offices around the world to collect and invest the company’s profits, according to The New York Times. Saturday’s report said an office in Reno, Nevada, where the corporate tax rate is zero, was one of many that the California-based technology giant uses to legally sidestep state income taxes on some of its gains. California’s corporate tax rate is 8.84 percent. Record sales of iPhones and iPad tablet computers, particularly in China and other parts of Asia, saw Apple report last week that it made a $39.2 billion profit in the quarter ended March 31. The Times quoted Apple executives who said the Reno office and others in Ireland, the Netherlands, Luxembourg, the British Virgin Islands and other low-tax places were among the legal methods the company was using to reduce its global tax bill. Read More
Pop-upView Separately

Apple ‘Avoiding Billions In Global Taxes,’ Report Claims

Gadget giant Apple is avoiding billions of dollars in taxes by setting up small offices around the world to collect and invest the company’s profits, according to The New York Times.

Saturday’s report said an office in Reno, Nevada, where the corporate tax rate is zero, was one of many that the California-based technology giant uses to legally sidestep state income taxes on some of its gains.

California’s corporate tax rate is 8.84 percent.

Record sales of iPhones and iPad tablet computers, particularly in China and other parts of Asia, saw Apple report last week that it made a $39.2 billion profit in the quarter ended March 31.

The Times quoted Apple executives who said the Reno office and others in Ireland, the Netherlands, Luxembourg, the British Virgin Islands and other low-tax places were among the legal methods the company was using to reduce its global tax bill.

Read More

Source: occupyallstreets

59 Notes/ Hide

  1. sjriley reblogged this from lunaxvx
  2. lunaxvx reblogged this from anarcho-queer
  3. cuhristeena reblogged this from anarcho-queer
  4. sosungalittleclodofclay reblogged this from anarcho-queer
  5. laa-peste reblogged this from anarcho-queer
  6. thisshitsbroken reblogged this from jewlesthemagnificent and added:
    No different then me donating money and goods to reduce my tax burden. All smart companies take advantage of these items...
  7. doublejack replied:
  8. jewlesthemagnificent reblogged this from redcloud and added:
    So if this is legal, what’s the big deal? Since Apple employs my husband obviously I’m biased, but I think it’s be just...
  9. c0m1c4l-ch4o5 reblogged this from anarcho-queer
  10. gracefree reblogged this from anarcho-queer
  11. themesfin reblogged this from anarcho-queer
  12. liableness reblogged this from anarcho-queer
  13. other-stuff reblogged this from purplegem
  14. purplegem reblogged this from anarcho-queer
  15. recitation reblogged this from anarcho-queer
  16. anarcho-queer posted this