Reply to post: Apples own published results suggest otherwise

Tim Cook: EU lied about Apple taxes. Watch out Ireland, this is a coup!

Anonymous Coward
Anonymous Coward

Apples own published results suggest otherwise

According to apples own profit results they had an operating PROFIT of $53.5B. y/e Sep 2014

If they paid a full tax rate of 12.5% = $400,000,000 then their profits would be in the region of $3.2B booked in Ireland

So where was the other $50B booked (and taxed). The US? unlikely since it is common knowledge that 90% of worldwide income ex USA is booked through Ireland

Like apples economics also very economical with the truth

https://www.apple.com/uk/pr/library/2014/10/20Apple-Reports-Fourth-Quarter-Results.html

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