Very good. Where?

We’ve been told by the New York Times, you know, the newswpaper of record, that Apple only paid a 9.8% tax rate last year.

As it stands, the company paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8 percent.

This really is the most gargantuan ignorance on their part.
The $3.3 billion has nothing, nothing at all, to do with the $34.2 billion: something which any accountant at all could have told them.

{ Forbes | Continue reading }

related { For every $1 Google spends lobbying, Apple spends 10¢ }