econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 30 August 2016

Apple's Foreign Tax Payments Since 2003

by Felix Richter, Statista.com

Concluding a two-year long investigation, the European Commission has ordered Apple to pay up to €13 billion ($14.5 billion) in back taxes for its subsidiaries in Ireland.

The Commission argues that Apple received "undue tax benefits" between 2003 and 2014, violating EU state aid rules.

As our chart illustrates, Apple's provisions for income taxes outside of the United States amounted to just $4.89 billion during said period. According to the European Commission's statement, the company paid an effective tax rate ranging from 1 percent in 2003 to 0.005 percent in 2014 on its European profits during the time. To put that in perspective, Apple paid an effective tax rate of 26.1 percent in the United States in 2014, with income taxes adding up to almost $60 billion between 2003 and 2014.

Both Apple and Ireland have already denied the Commission's allegations and announced that they are going to appeal against today's ruling. It will be interesting to see how this plays out in the end, as it may be the first case of a company being ordered to pay back taxes to a government that doesn't even want the money.

THis chart shows how much Apple paid in income taxes outside the United States between 2003 and 2014.

Infographic: Apple's Foreign Tax Payments Since 2003 | Statista

You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Many (But Not All) Dynamics Improving But Federal Tax Receipts Are Down
The Economic Future of The Berkshires - A Reconsideration
News Blog
Economic Growth, More Debt And More Employment
What We Read Today 16 January 2017
Why Doesn't Capital Always Flow To High-Growth Areas?
Trends In Arbitrage-Based Measures Of Bond Liquidity
Is The Next Recession Around The Corner? Probably Not
Investor Alert: Excessive Trading At Investors' Expense
Infographic Of The Day: Chart: How Every Commodity Performed In 2016
Early Headlines: Asia Stocks Mostly Down, Oil And Gold Up, Dollar Down, Obama On 60 Minutes, Brexit Is Getting Harder, Boeing's Big India Order, Shanghai Breaks Support And More
Most Read Articles Last Week Ending 14 January
Technical Update 15 January 2017
U.S. Bombs Dropped On Foreign Soil
Jubilant Ruble And Declining Peso After Trump Election
Americans Think Fake News Has An Impact
Investing Blog
Danger Lurks As Extremes Become The Norm
The Week Ahead: Can 4Q Earnings Match Economic Growth?
Opinion Blog
Nature Of Debt Differs Between China, Japan And The U.S.
What If US Importers And Exporters Are Largely The Same?
Precious Metals Blog
Gold's 2016 Gain Indicates A 19% Surge In 2017
Live Markets
16Jan2017 Pre-Market Commentary: Wall Street Closed For MLK Holiday, European Markets Lower, Crude Prices Slip, Investors Await Serious Market Correction As Some Bearish Analysts Claim The Sky Is About To Fall
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved