Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC. (AAPL)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Apple Inc. : Apple Uses Subsidiaries To Avoid Billions In Taxes--Report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/28/2012 | 11:35pm CEST

Apple Inc. (AAPL) is projected to earn more than $40 billion in profits in 2012, but by routing its profits through subsidiaries in U.S. states and foreign countries with low or no corporate taxes, it pays tax at a far lower rate than most companies of its size, the New York Times reported Saturday on its website for its Sunday edition.

Apple is not alone among technology companies in using foreign subsidiaries to reduce its tax bill; in fact it is the nature of the tech industry that permits it, since a downloaded piece of software can be sold from anywhere, the Times reported. Thus, the technology companies in the Standard & Poor's 500-stock index pay taxes at a rate that's less than a third of what other companies on the index pay, according to the Times.

But Apple's rate of cash taxes paid--below 10%--is low even by tech-company standards, the Times reported, and while the company officially listed its worldwide taxes at $8.3 billion last year, the Times disputed that number, saying much of it would be deferred and possibly never be paid.

In a statement, Apple said it "pays an enormous amount of taxes, which help our local, state and federal governments," the statement also said. "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."

Complete report: http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?pagewanted=1&_r=1&hp

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE INC.
04/24 APPLE : Planning done to the last minute
04/24DJAPPLE : Permit Reveals Self-Driving Car Testers With NASA Experience
04/24 APPLE : Praises dubai for protecting ipr
04/24 APPLE : Uber broke Apple’s iOS privacy rules and Tim Cook wasn't happy abo..
04/22 APPLE : celebrates Earth Day, releases video series
04/22 Wall Street gears up for busiest earnings week in years
04/22 APPLE : touts greater use of recycled metal in gadgets
04/22 APPLE : self-driving car testing plan gives clues to tech programme
04/22 INSIDER TRADING ACTIVITY APPLE INC. : AAPL) – Insider Sold 6,308 shares o..
04/21 APPLE : watches NikeLab limited edition to go on sale next week
More news
Sector news : Computer Hardware - NEC
04/19 JAPAN GOVERNMENT FUND, BANK MULL BID : media
04/19 JAPAN GOVERNMENT FUND, BANK MULL BID : media
04/13DJTOSHIBA : Partner Issues a Warning -- WSJ
04/13DJWHAT'S NEWS : Business & Finance -- WSJ
04/12 Broadcom makes highest first-round bid of $23 bln for Toshiba chip unit
More sector news : Computer Hardware - NEC
News from SeekingAlpha
05:44a Apple's team of self-driving car experts
02:49a Squeezing More Yield From Apple
04/24 SAMSUNG : The Galaxy S8 Hits A Few Snags
04/24 PODCAST : Facebook F8 Conference, Apple Diabetes Tool
04/24 The Reality Of VR/AR M&A
Advertisement
Financials ($)
Sales 2017 228 531 M
EBIT 2017 61 288 M
Net income 2017 46 804 M
Finance 2017 162 926 M
Yield 2017 1,61%
P/E ratio 2017 16,08
P/E ratio 2018 14,06
EV / Sales 2017 2,58x
EV / Sales 2018 2,29x
Capitalization 753 613 M
More Financials
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 48
Average target price 148 $
Spread / Average Target 3,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.24.02%753 613
HP INC24.93%31 347
HEWLETT PACKARD ENTERP..-20.31%30 568
SEAGATE TECHNOLOGY PLC29.47%14 588
PEGATRON CORPORATION--.--%7 449
LENOVO GROUP LIMITED7.20%7 230
More Results