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Posts by Gatorguy

I had added an edit to the post that you may have missed.This footnote from Apple's 2011 10-K puts some numbers in perspective as to tax liabilities. i'm sure there's a more recent one if anyone is intersted in looking."The foreign provision for income taxes is based on foreign pretax earnings of $24.0 billion, $13.0 billion and $6.6 billion in 2011, 2010 and 2009, respectively. The Company’s consolidated financial statements provide for any related tax liability on...
Sog is correct about cash vs accrual but I believe his claim that Apple pays a 25% corporate tax rate on it's worldwide earnings under whichever method he chooses to use is far from correct, which is the point of contention. You might read thru this paper too for any inconsistencies or errors leading to the 14% effective tax rate claim.http://www.olin.wustl.edu/docs/Faculty/Dyreng%20Markle%2018Sept2013.pdfThis footnote from Apple's 2011 10-K puts some numbers in...
As a CPA yourself you'll no doubt fully understand this research on determining the real effective tax rate paid by Apple and others.http://onlinelibrary.wiley.com/doi/10.1111/j.1475-679X.2009.00346.x/abstract;jsessionid=847E7C3C681AB779E444DD8A98D33EF6.f03t01?deniedAccessCustomisedMessage=&userIsAuthenticated=falseIt should help you understand a bit better if you actually take the time to read it. As a financial professional I'm sure you have access to Wiley Online.If you...
So instead of questioning Sog's figures you're accepting them as accurate. And to support that agenda you use 9 months from a calendar year, quote what Apple is provisioning so far instead of what they actually paid and claim that the 14% worldwide effective rate is FUD.?? Mirror, mirror. .You really want to know the truth?Why not use some real year-end figures showing Apple's cash payments for taxes, and even better show how those off-shore profits, some with no taxes...
OK. Take 2012 as an examplehttp://www.sec.gov/Archives/edgar/data/320193/000119312512444068/d411355d10k.htmFrom Apple's 10-K you find "Income before provision for income taxes 55,763". Now under taxes paid you get this figure: "Cash paid for income taxes, net 7,682" Divide one by the other and tell me how you get 25% from that.So where did Cook get his 30% plus tax rate claim that he testified to in the Senate? Technically it was not a lie. They did, but that 30% rate was...
Where do you get Apple paying 25% corp tax? Provisioning is not the same as writing the check. With most of Apple's revenue derived from overseas operations, and largely filtered thru special tax arrangements with Singapore in the East (China, Australia, New Zealand, etc) before joining up with the western revenue landing in 2% (or zero depending) Ireland I don't see any possibility that Apple has actually PAID a tax rate of 25%.
They have done new deals, the most recent in 2007 I think, tho it could have been 2010
I don't think Commissioner Almunia can be "re-elected" can he when he and the other members are not elected in the first place.
You keep throwing the back taxes issue in there rather than actually answering the question I asked. Do you think the EU cannot pressure Ireland into discontinuing the unique tax arrangements they have with Apple. Ignore the back taxes issue, where I tend to lean your way when it comes to that.By the way I think the EU could only go back 10 years if they decided to pursue the back tax issue, not 25. Could be wrong.
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