Apple end-of-fiscal-year filing revealed that it paid 1.9% tax on its overseas profits, which are a pretty significant amount. It gave to governments $712 million on $36.8 billion in overseas profits.
This is done via fairly straightforward and legal accounting maneuvers which almost every US corporation with significant business abroad is utilizing as an obligation to its shareholders not to pay more taxes than the legal minimum.
A survey of how much are lead US companies paying in UK taxes recently found out that Google, Amazon, Starbucks and Facebook paid about 30 million pound sterling to the government coffers on combined sales of 3.1 billion there.
Apple is actually one of the few US companies in the table below that disclose the likely tax rate of repatriated profits it would incur, but most US multinationals pay little to no taxes overseas as well, and the law allows them to.
Daniel, a devoted tech writer at PhoneArena since 2010, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.
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