How Apple Sidesteps Billions in Global Taxes

this new york times website.

april 28, 2012
how apple sidesteps billions in global taxes
charles duhigg , david kocieniewski
reno, nev. — apple, world’s profitable technology company, doesn’t design iphones here. doesn’t run applecare customer service city. , doesn’t manufacture macbooks or ipads anywhere nearby.

yet, handful of employees in small office here in reno, apple has done central corporate strategy: has avoided millions of dollars in taxes in california , 20 other states.

apple’s headquarters in cupertino, calif. putting office in reno, 200 miles away, collect , invest company’s profits, apple sidesteps state income taxes on of gains.

california’s corporate tax rate 8.84 percent. nevada’s? zero.

setting office in reno 1 of many legal methods apple uses reduce worldwide tax bill billions of dollars each year. has in nevada, apple has created subsidiaries in low-tax places ireland, netherlands, luxembourg , british virgin islands — little more letterbox or anonymous office — cut taxes pays around world.

every major corporation tries minimize taxes, of course. apple, savings alluring because company’s profits high. wall street analysts predict apple earn $45.6 billion in current fiscal year — record american business.

rest of story can read here.

 

it's job of government set taxes. it's job of people , corporations pay little legally can.

 

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