Apple surpasses Saudi Aramco to become the most valuable company

Re:Apple surpasses Saudi Aramco to become the most valuable ... by hlfy_hn on Friday July 31, 2020 @07:55PM (#24015809)

"Between 2003 and 2014, the European Commission found, Apple had lowered its effective corporate tax rate from 1% to just 0.005%."

https://observer.com/2019/09/apple-ireland-tax-lawsuit-europ...

1. I don't know why I get downvoted

2. I would not say a corporate tax rate of 0.005% is high.

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Re:Apple surpasses Saudi Aramco to become the most valuable ... by ogre_codes on Friday July 31, 2020 @08:18PM (#24015990)

Didn't down vote you, but you are quoting a biased source. Maybe Apple pays 0.005% in the EU, but since 2011, Apple's paid over $10b/ year every single year (and many years it's been higher).

This is on public record: https://www.macrotrends.net/stocks/charts/AAPL/apple/total-p...

> I would not say a corporate tax rate of 0.005% is high.

I'm not sure what that number comes from so I can't say, but since they paid $10b/ year for the past 9+ years, they'd have to have 2 trillion dollars in profit in a single year for that rate to be accurate.

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