Skip to main content

View Diary: Apple sidesteps 2.4 Billion$ in US taxes legally (16 comments)

Comment Preferences

  •  I don't understand where they get the $3.3 billion (0+ / 0-)

    From what I read, Apple paid $8.283 in taxes in 2011 which is 24.2%. This is the number in the link given above as well as Apple's income statement. I can't find $3.3 billion anywhere and it is certainly not what Apple paid "around the world" in 2011 so far as anything I can find.

    You can't scare me, I'm sticking to the Union - Woody Guthrie

    by sewaneepat on Sun Apr 29, 2012 at 05:14:29 AM PDT

    •  3.3 bill is what they actually paid. (0+ / 0-)

      It's on the cash flow statement.  The number you're looking at is the expense number, which is on an accrual basis.

      •  W/ that said, it is on a cash basis, so it (0+ / 0-)

        includes amounts related to both years.  Maybe the sounder way of calculating an implied rate, then, would be to use the average of the present and prior year as the denominator.  In AAPL's case, that would raise it to 12.7%

      •  I still don't see it. (0+ / 0-)

        I hate to be difficult, Johnny, but I don't see it on the cash flow. And would not the taxes paid in 2011 be the tax on the 2010 profits which was $18 billion.

        You can't scare me, I'm sticking to the Union - Woody Guthrie

        by sewaneepat on Sun Apr 29, 2012 at 04:52:09 PM PDT

        [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site