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A report in the New York Times reveals that last year Apple paid $3.3billion tax in its profits of $34.2billion, which is a tax rate of 9.8 per cent.
Wal-Mart by contrast paid $5.9billion tax on a profit of $24.4billion, or 24 per cent tax, a typical rate for a non technology company.
One of Apple’s chief tax avoidance measures in the US was to set up in 2006 a subsidiary called Braeburn Capital - named after the Braeburn apple - in Reno.
Read more: www.dailymail.co.uk...
Originally posted by Blaine91555
A report in the New York Times reveals that last year Apple paid $3.3billion tax in its profits of $34.2billion, which is a tax rate of 9.8 per cent.
Wal-Mart by contrast paid $5.9billion tax on a profit of $24.4billion, or 24 per cent tax, a typical rate for a non technology company.
One of Apple’s chief tax avoidance measures in the US was to set up in 2006 a subsidiary called Braeburn Capital - named after the Braeburn apple - in Reno.
Read more: www.dailymail.co.uk...
Link to article.
Apple has more available cash than the US Government does. They use all means available to them to avoid taxes. They build their products using cheap labor in other countries while hoarding their wealth earned from selling grossly overpriced products, easily sold to those who consider their products and logo a status symbol.
If you are for real, you will right now this second throw your Apple Products on the ground and stomp them into oblivion. You will never again purchase one of their products. Are you for real, or not?
Progressives will also do the same if they are for real and agree with your leaders. Make sure your leaders are not using Apple Products also. If they are, they might be phonies.
Originally posted by Blaine91555
If you are for real, you will right now this second throw your Apple Products on the ground and stomp them into oblivion. You will never again purchase one of their products. Are you for real, or not?
Originally posted by buster2010
Harvard has almost as much money as Apple so does that means no one should attend Harvard?
Originally posted by SavedOne
Originally posted by Blaine91555
If you are for real, you will right now this second throw your Apple Products on the ground and stomp them into oblivion. You will never again purchase one of their products. Are you for real, or not?
Oh sure, next you'll be telling them not to get mochachocolattes from Starbucks anymore. What are you trying to start, total anarchy?
Originally posted by Blaine91555
reply to post by Wrabbit2000
I like Apple about as much as I like the phony Occupy Movement. Their insane profit margin, way higher than that of the Oil Companies, is proof they could build their products in Free countries and pay decent wages if they chose to. Apple is like the fake Progressive Celebrities who got stinking rich embracing one the most capitalistic of professions and then pretend they are against Capitalism.