NY Times Gets Apple's Effective Tax Rate Wrong - FOX Business
| Apple already reports in its filings that its global effective rate for both 2011 and 2010 is 24%, and its effective U.S. federal rate is likely 20.1%. Moreover, its global effective rate for 2009 was 31.8%. |
| And Apple in its statement says "In the first half of fiscal year 2012, our U.S. operations have generated almost $5 billion in federal and state income taxes, including income taxes withheld on employee stock gains, making us among the top payers of U.S. income tax." |
get it wrong? Well it looks like it. The entire article is here.
NY Times Gets Apple's Effective Tax Rate Wrong | Fox Business
Joe Mobley