Hostage to fortune: vast majority of value in our products created in US. So why such a large o'seas surplus after fair transfer prices?
Apple makes statement on its taxes -- it is more than #taxmantrahttps://www.apple.com/newsroom/2017/11/the-facts-about-apple-tax-payments/ …
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I like it, although there remain a number of questionable arguments. The "when" i nthe last sentence, for instance, is doing a lot of workpic.twitter.com/A1lxOjkEuG
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Seems odd that Apple didn't available of the 5 year window before existing Irish resident non resident companies become resident.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I like the explanation that they link: http://fortune.com/2017/10/31/trump-tax-reform-apple-multinational-companies/ … In '16 Apple booked $41b profits outside the US and paid $2b to foreign govts
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Summary: they paid $2b to foreign govt., deferred $5b and paid $10b to US. Tax rate without deferred taxes: 17%, with them: 24%.
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