Amazines Free Article Archive - Tuesday, July 14, 2020
Read about the most recent changes and happenings at
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Subscriptions Manage Ezines
 Article Archive
 Advertising (133370)
 Advice (161095)
 Affiliate Programs (34743)
 Art and Culture (73731)
 Automotive (145711)
 Blogs (75128)
 Boating (9843)
 Books (17221)
 Buddhism (4126)
 Business (1329061)
 Business News (426354)
 Business Opportunities (366312)
 Camping (10966)
 Career (72751)
 Christianity (15847)
 Collecting (11638)
 Communication (115066)
 Computers (241959)
 Construction (39001)
 Consumer (49683)
 Cooking (17064)
 Copywriting (6600)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20412)
 Dating (45787)
 EBooks (19689)
 E-Commerce (48215)
 Education (185295)
 Electronics (83506)
 Email (6400)
 Entertainment (159866)
 Environment (28941)
 Ezine (3039)
 Ezine Publishing (5449)
 Ezine Sites (1550)
 Family & Parenting (110919)
 Fashion & Cosmetics (196413)
 Female Entrepreneurs (11844)
 Feng Shui (131)
 Finance & Investment (310421)
 Fitness (106327)
 Food & Beverages (62909)
 Free Web Resources (7938)
 Gambling (30231)
 Gardening (25139)
 Government (10526)
 Health (629843)
 Hinduism (2206)
 Hobbies (44053)
 Home Business (91570)
 Home Improvement (251401)
 Home Repair (46160)
 Humor (4832)
 Import - Export (5453)
 Insurance (45144)
 Interior Design (29576)
 International Property (3485)
 Internet (190995)
 Internet Marketing (146415)
 Investment (22840)
 Islam (1167)
 Judaism (1356)
 Law (80573)
 Link Popularity (4595)
 Manufacturing (20845)
 Marketing (98885)
 MLM (14136)
 Motivation (18216)
 Music (27012)
 New to the Internet (9494)
 Non-Profit Organizations (4048)
 Online Shopping (129642)
 Organizing (7803)
 Party Ideas (11857)
 Pets (38078)
 Poetry (2234)
 Press Release (12681)
 Public Speaking (5634)
 Publishing (7526)
 Quotes (2407)
 Real Estate (126637)
 Recreation & Leisure (95349)
 Relationships (87569)
 Research (16163)
 Sales (80329)
 Science & Technology (110240)
 Search Engines (23483)
 Self Improvement (153124)
 Seniors (6235)
 Sexuality (35945)
 Small Business (49309)
 Software (83001)
 Spiritual (23473)
 Sports (116109)
 Tax (7659)
 Telecommuting (34066)
 Travel & Tourism (307748)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11735)
 Website Design (56838)
 Website Promotion (36586)
 World News (1000+)
 Writing (35782)
Author Spotlight

hello everyone l been on the net since 2000 and enjoy my work l work as an affiliate and also have w...more

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more

A. BOOK PUBLISHED: Title of Book Publisher ISBN & Year Status of Publisher 1. Role of Gi...more

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more

Apple's tax avoidance: evil scheming, good business, or both? - Industrial Lighting Fixture Manufac by grass lawn

Article Author Biography
Apple's tax avoidance: evil scheming, good business, or both? - Industrial Lighting Fixture Manufac by
Article Posted: 01/18/2013
Article Views: 220
Articles Written: 975
Word Count: 859
Article Votes: 0
AddThis Social Bookmark Button

Apple's tax avoidance: evil scheming, good business, or both? - Industrial Lighting Fixture Manufac

Business,Business News,Business Opportunities
The New York Times is out with the latest installment of its iEconomy series, which focuses on Apple, the world'smost profitable company. The article details the elaborate —and legal — ways that Apple, and other tech companies,minimize their tax bills. The piece raises several questions: IsApple to be condemned for its tax-avoidance strategies, or praisedfor maximizing profits for shareholders? (Is it even possiblefor a corporate giant to be both "evil" and"good" at the same time?) Is the real culprit thecomplex U.S. corporate tax code? Or is this just an example of oneof the world's best-performing companies taking advantage ofa globalized, increasingly digital economy to push the limits ofU.S. tax law? At a time when the cash-strapped federal and state governments arelooking for ways to boost revenue, corporate tax avoidancestrategies have taken on urgent importance.

There's no doubtthat Apple, which is poised to set a record this year for profitsby an American company, pays less in taxes than other firms. Lastyear, The Times says Apple paid a global cash tax rate of only 9.8% — $3.3billion on profits of $34 billion — compared to a tax rate of24% for Walmart, which the paper says is about average. Apple avoided paying $2.4 billionin federal taxes last year, the paper said, citing research byformer Treasury Department economist Martin A. Sullivan.(There's some dispute about the way The Times analyzed the tax numbers, but the paper stands by its reporting, aspokesperson told me Monday.) What's not in doubt is that Apple is off to a staggeringyear, and it's looking for every available way to hold on toits ballooning profits.

Last week, the company reported quarterly earnings of $11.6 billion, compared to $6 billion oneyear ago, on revenue of $39.2 billion, a 59% increase over lastyear. Wall Street analysts predict that Apple could earn as much as$47 billion in profits during its current fiscal year. ( More : Apple Profit Soars 94%, Stock Up 7% ) Among the major findings from The Times story : Apple has subsidiaries in low-tax U.S. states like Nevada —where the corporate tax rate is zero — and foreign countrieslike Ireland, the Netherlands, Luxembourg and the British VirginIslands, to help reduce its tax bill.

Profit from iPhone and iPad sales is often routed to Apple'sNevada subsidiary, called Braeburn Capital (after a type of"simultaneously sweet and tart" Apple), which theninvests the money in stocks, bonds and other investments. Some ofthe proceeds from these investments is shielded from California,where Apple is based, because Braeburn is located in Nevada, wherethere is no state capital gains tax. Tech companies like Apple, Google, Amazon, Hewlett-Packard andMicrosoft — which derive substantial revenue fromintellectual property royalties and digital products — havean easier time than wholly brick-and-mortar companies movingprofits to low-tax locations. Apple books about 70% of its profitsoverseas, where corporate tax rates are often much lower than inthe United States.

When customers in Europe, Africa or the Middle East download songsor apps from the Apple online store, the sale is booked at Apple ssubsidiary in Luxembourg, named iTunes S. r.l., which has just afew dozen employees."Taxes that would have otherwise gone tothe governments of Britain, France, the United States and dozens ofother nations go to Luxembourg instead, at discounted rates,"the paper reported. Apple pioneered an accounting trick known as the Double IrishWith a Dutch Sandwich, which cuts its tax bill by "routingprofits through Irish subsidiaries and the Netherlands and then tothe Caribbean." Hundreds of other companies have since copiedApple's method. All in all, pretty sophisticated stuff.

Apple responded to The Times piece with a lengthy statement , which touts the companies contributions to the U.S. economy. "In the first half of fiscal year 2012 our U.S. operationshave generated almost $5 billion in federal and state income taxes,including income taxes withheld on employee stock gains, making usamong the top payers of U.S. income tax," Apple'sstatement read, in part.

"Apple has conducted all of itsbusiness with the highest of ethical standards, complying withapplicable laws and accounting rules." ( More : Why Apple is Winning: Innovation, Opportunity and Execution ) So do Apple's tax avoidance practices, which have no doubtbeen intensely scrutinized by the companies lawyers to make surethey're legal, constitute evil corporate conduct? Or shouldthe company be commended for pushing the limits to maximizershareholder value? Apple is an astonishingly successful companyfilled with brilliant people. It should really be no surprise thatit's running circles around the tax man. This is clearly abad outcome for state and federal budgets, which desperately needthe revenue. But as The Atlantic ‘s Derek Thompson points out , it's not clear there's much we can do to stop it.

One thing's for sure: As the two major drivers of the worldeconomy continue apace — globalization and technology —it's clear that financial innovation, especially with respectto tax avoidance, has dramatically outpaced domestic andinternational taxation oversight structures. MORE: What Would Steve Jobs Do? PHOTOS: The Apple II Turns 35.

We are high quality suppliers, our products such as Industrial Lighting Fixture Manufacturer , China Led Torch Flashlight for oversee buyer. To know more, please visits Mining Cap Lamp.

Related Articles - Industrial Lighting Fixture Manufacturer, China Led Torch Flashlight,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.


Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
Please enter the code in the image:

 Author Login 
Register for Author Account


Advertiser Login


   Limited Time $60 Offer!
   90  Days-1.5 Million Views  


Great Paranormal Romance


Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more

Stevert Mckenzie, Travel Enthusiast. ...more

Michael Mifsud was a House of Commons Commonwealth correspondent at the age of 16. He published Brit...more

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more

Author of Wrestler/That Dog Hunts; Available at the Kindle Store ...more

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more

Joanne Ireland, a 30-year veteran of the meeting and event planning industry, is Founder and Preside...more

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from under the GNU FDL license