Difference between revisions of "Apple and Taxes"

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* Apple Avoided Taxes By Creating Three Offshore Corporations In Ireland, A Known Tax Haven.<ref>https://americansfortaxfairness.org/issues/corporate-taxes/highlights-of-apples-tax-dodging/</ref>
* Apple avoided taxes by creating three offshore corporations in Ireland, a known tax haven.<ref>https://americansfortaxfairness.org/issues/corporate-taxes/highlights-of-apples-tax-dodging/</ref>
* Apple Used A “Cost-Sharing Agreement” With Its Irish Subsidiaries, Which Transferred Part Ownership Of Intellectual Property Created In The U.S. To Ireland To Avoid Paying Taxes In The U.S.
* Apple used a “cost-sharing agreement” with its Irish subsidiaries, which transferred part ownership of intellectual property created in the U.S. to Ireland to avoid paying taxes in the U.S.
* Apple Also Used A Tax Loophole Which Allowed them To Declare To The IRS That Its Three Offshore Subsidiaries Were One Company.
* Apple also used a tax loophole which allowed them to declare to the IRS that its three offshore subsidiaries were one company.
* Forbes: Apple “Has Become Famous Over The Years For Deploying Legions Of Accountants To Devise Offshore Tax Avoidance Mechanisms With Names Like ‘Double Irish With A Dutch Sandwich.’”
* Forbes: Apple “has become famous over the years for deploying legions of accountants to devise offshore tax avoidance mechanisms with names like ‘double Irish with a Dutch sandwich.’”<ref>https://www.forbes.com/sites/christopherhelman/2017/04/18/what-americas-biggest-companies-pay-in-taxes/?sh=7115625f2f51</ref>
* July 2020: An EU Court Ruled That Apple Would Not Have To Pay Ireland $14.8 Billion In Back Taxes, Which Overturned A 2016 Ruling That Apple Had Been Giving Illegal Tax Breaks By Dublin.
* July 2020: An EU court ruled that Apple would not have to pay Ireland $14.8 billion in back taxes, which overturned a 2016 ruling that Apple had been giving illegal tax breaks by Dublin.
* Fair Tax Mark Reported That Apple Had The Fifth Biggest Tax Gap Of The Six Companies Examined In Its Study.
* Fair Tax Mark reported that Apple had the fifth biggest tax gap of the six companies examined in its study.
* 2010 To 2019: Apple Paid $93.8 Billion In Income Taxes On $548.7 Billion In Profits After Taking In $1,888 Billion In Revenue.
* 2010 To 2019: Apple paid $93.8 billion in income taxes on $548.7 billion in profits after taking in $1,888 billion in revenue.
* Apple’s Cash Tax Paid Amounted To 17.1 Percent Of Its Profits, Despite A Federal Headline Tax Rate Of 35 Percent In The United States.
* Apple’s cash tax paid amounted to 17.1 percent of its profits, despite a federal headline tax rate of 35 percent in the United States.

Latest revision as of 18:39, 23 March 2022

  • Apple avoided taxes by creating three offshore corporations in Ireland, a known tax haven.[1]
  • Apple used a “cost-sharing agreement” with its Irish subsidiaries, which transferred part ownership of intellectual property created in the U.S. to Ireland to avoid paying taxes in the U.S.
  • Apple also used a tax loophole which allowed them to declare to the IRS that its three offshore subsidiaries were one company.
  • Forbes: Apple “has become famous over the years for deploying legions of accountants to devise offshore tax avoidance mechanisms with names like ‘double Irish with a Dutch sandwich.’”[2]
  • July 2020: An EU court ruled that Apple would not have to pay Ireland $14.8 billion in back taxes, which overturned a 2016 ruling that Apple had been giving illegal tax breaks by Dublin.
  • Fair Tax Mark reported that Apple had the fifth biggest tax gap of the six companies examined in its study.
  • 2010 To 2019: Apple paid $93.8 billion in income taxes on $548.7 billion in profits after taking in $1,888 billion in revenue.
  • Apple’s cash tax paid amounted to 17.1 percent of its profits, despite a federal headline tax rate of 35 percent in the United States.