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Apple (AAPL -2.2%) responds to a weekend NYT column noting its low overall tax rate. The company...

Apple (AAPL -2.2%) responds to a weekend NYT column noting its low overall tax rate. The company touts its U.S. job-creation efforts and charitable donations, and says it has paid $5B in federal and state taxes over the first half of FY12. Jay Yarow isn't impressed, pointing out Apple includes UPS positions among the jobs it has created, and that its payment figures are inflated by taxes withheld from employees.
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Comments (26)
  • LtJC
    , contributor
    Comments (7) | Send Message
     
    I don't see what the problem is. All corporations do the same thing. They're here to make money, not provide social services. Wasn't there a year GE pay no taxes?
    30 Apr 2012, 11:33 AM Reply Like
  • Tack
    , contributor
    Comments (13579) | Send Message
     
    Yes, let's not have all that capital in the hands of employers, employees, vendors, wholesalers, shareholders and other assorted evil, greedy people in the private sector. Let's funnel it, instead, to Washington, where it can be efficiently employed by our ever-caring politicians, bringing us all more of the fine products and services we all long for.

     

    (When does the line form outside the Capitol for the next iPad release, anyway?)
    30 Apr 2012, 11:36 AM Reply Like
  • Artaqq
    , contributor
    Comments (108) | Send Message
     
    Amen, Tack.
    Is it not ironic?
    30 Apr 2012, 02:27 PM Reply Like
  • Street Instincts
    , contributor
    Comments (98) | Send Message
     
    "The vast majority of our global workforce remains in the U.S.! (Yes, because the people who make iPads aren't technically Apple employees, they're Foxconn employees ..."

     

    Am I the only person who sees building a bunch of factories and placing Americans in them as a regressive movement, rather than a progressive one?
    30 Apr 2012, 11:40 AM Reply Like
  • catamount
    , contributor
    Comments (374) | Send Message
     
    >Am I the only person who sees building a bunch of factories and placing Americans in them as a regressive movement, rather than a progressive one?

     

    No. But, building factories and placing American robots in them would seem progressive.
    30 Apr 2012, 11:49 AM Reply Like
  • suddencall
    , contributor
    Comments (59) | Send Message
     
    I believe regressive is the word for tearing down the USA and the world. Why folks in china do not have to eat is not apparent in my intellect.Building in the USA is not regressive at all.But if a company wants to build overseas then they should be required to pay use on the markets they use in the USA.After all these markets cost money to build and corporations should not be allowed to steal them.
    30 Apr 2012, 12:15 PM Reply Like
  • Aaron Ashcraft
    , contributor
    Comments (161) | Send Message
     
    Biggest/most profitable companies will ALWAYS be targets of anti capitalist reporters/publications. Nothing new here!!!!
    30 Apr 2012, 11:45 AM Reply Like
  • pirota
    , contributor
    Comments (150) | Send Message
     
    Does this mean that Apple pays more tax to China than to USA ?
    30 Apr 2012, 11:54 AM Reply Like
  • roywil
    , contributor
    Comments (58) | Send Message
     
    Doesn't EVERYONE, corps or individuals, do whatever they can to minimize taxes? What kind of business would not?
    30 Apr 2012, 11:58 AM Reply Like
  • hotnutsjesus
    , contributor
    Comments (79) | Send Message
     
    I don't see what the big deal is when GE doesn't pay ANY taxes...
    30 Apr 2012, 11:58 AM Reply Like
  • Gary Bushwacher
    , contributor
    Comments (544) | Send Message
     
    I find it hard to believe that AAPL is being slammed for good business practices (smart planning and execution and doing things others wished they could or as a minimum thought of themselves)

     

    Moreover, I am astounded that investors aren't supporting AAPL via share purchase and price appreciation, rather than the opposite - share price taking a hit.

     

    Actually, I think it's just another manipulative move by WS to lower the price and provide a buyng opportunity - I know I have bought more today, via options
    30 Apr 2012, 12:01 PM Reply Like
  • Tack
    , contributor
    Comments (13579) | Send Message
     
    Gary:

     

    No, the market is responding logically.

     

    This Administration is so anti-business that it would hardly be surprising to see, as has happened innumerable times already, the announcement of some Justice Department, SEC or IRS investigation into Apple's practices. This Government doesn't just dislike capitalism; it loathes it.
    30 Apr 2012, 12:04 PM Reply Like
  • neversweat
    , contributor
    Comments (69) | Send Message
     
    Look what the previous administration did to capitalism. Almost took it out. They took 62% of my capital, for one example.
    30 Apr 2012, 01:12 PM Reply Like
  • sawchain
    , contributor
    Comments (130) | Send Message
     
    Don't blame someone else for your own decisions.
    30 Apr 2012, 01:35 PM Reply Like
  • neversweat
    , contributor
    Comments (69) | Send Message
     
    Saw: A lot of stocks I didn't decide about also went down. Duh. How'd your decisions work out for you 2007-2008? Want a repeat?

     

    Best way to make a small fortune back then: start with a large fortune.
    1 May 2012, 01:19 PM Reply Like
  • darekz
    , contributor
    Comments (65) | Send Message
     
    Let's ask Hugo Chavez if he has any suggestions how to handle this situation...
    30 Apr 2012, 12:20 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
     
    Managing it's corporate finances within the applicable law?

     

    Good for them.
    30 Apr 2012, 12:40 PM Reply Like
  • Gandalph
    , contributor
    Comments (134) | Send Message
     
    I believe that, for example, GE paid zero dollars in corporate income tax last year. Apple, which truly is "insanely great" has become the media and the bloggers favorite target. This culture praises mediocrity and engages in a frenzy to bring down the best.
    30 Apr 2012, 01:44 PM Reply Like
  • KenNagle
    , contributor
    Comments (289) | Send Message
     
    There is a positive spin to Apple's tax practices. According to some article I read other companies have followed the direction pioneered by Apple regarding tax planning. Shows that Apple is well managed and has the brain power and talent to be an innovator in things other than great products.
    30 Apr 2012, 02:22 PM Reply Like
  • KillerSgt
    , contributor
    Comments (241) | Send Message
     
    "Financially Innovative" I like that! Look, they're just "thinking different"...
    30 Apr 2012, 03:17 PM Reply Like
  • Onlinden
    , contributor
    Comments (120) | Send Message
     
    Obama also reportedly took full advantage of his deductions. This "attack" by NYT is moronic, and is a prime example of why US businesses that can expand jobs overseas in business-friendly and appreciative locations. Too many of us have become cannibals -- feeding on our own.
    30 Apr 2012, 02:36 PM Reply Like
  • thealct
    , contributor
    Comments (171) | Send Message
     
    BTW Jay Yarow is fully "funded" by hedge funds. This was a hit peice supported by NYT in response for so called Apple's "access journalism". Nothing more. BuyTheF**kinDip
    30 Apr 2012, 03:38 PM Reply Like
  • remurraymd
    , contributor
    Comments (2287) | Send Message
     
    Typical defamatory NYT Apple bashing just like they did libeling Apple for Foxconn issues.They all do this Google only pays 2.5% of off shore revenue via Ireland and Bermuda according to recent CNBC show has been doing this WAY longer pays way less than Apple still this is 100% legal and proper business practice. Why should Apple pay 35% US corporate Tax and 8% CA state tax on income earned elswwhere in the world? It would be in fact a breach of fiduciary duty for them to do so. APD
    30 Apr 2012, 04:12 PM Reply Like
  • Street Instincts
    , contributor
    Comments (98) | Send Message
     
    Maybe we should give the NYT a break. How much more good can be said about Apple? It's so awesome. At this point we need to be negative, otherwise everyone will just be repeating themselves.
    30 Apr 2012, 05:05 PM Reply Like
  • Artaqq
    , contributor
    Comments (108) | Send Message
     
    I wonder if the New York Times would be so indignant if, (like GE), Apple was a huge donor to the DMC? Apple was started to provide consumers with a quality, alternative home computer system. And they did it so well, the 'consumers' exercised their free market rights en masse to make Apple the giant it is today. Which has allowed Apple to expand, innovate and lead the technology segment. Consumers are not force to buy their products but, Apple is essentially forced to work with China to built it's products. From the EPA to all of the Government regulations that strangle businesses in the U.S., if these businesses want to succeed and not have to charge unreachable prices for their products, they are forced to go overseas. Remember the whole "Five dollar head of lettuce...", that became an anthem in Washington to justify illegal immigration? For the Government or the New York Times to stand in judgement over this is hypocrisy. As with Apple, The New York Times utilizes every loophole in the tax code they can, and the Government is the reason China is experiencing its' production boon, while American factories sit idle. We can say there's no blood on our hands regarding pollution, human rights violations, etc., because China is our irresponsible little brother living in the basement, doing our dirty work...and we're okay with that. But, are we really?

     

    So grab your torch and pitchfork if you want but is it destination Cupertino or Washington?
    30 Apr 2012, 07:07 PM Reply Like
  • Gary Bushwacher
    , contributor
    Comments (544) | Send Message
     
    On the subject of taxes, while I opine that Apple should be lauded for using tax laws to it's advantage; on another tax front, I don't support Amazon able to sell their goods sans sales tax in states they don't have a presence.

     

    That is an unfair advantage compared to their bricks and mortar competitors and is a false reason for not collecting/charging taxes.

     

    And from a personal perspective; if consumers (in my state) don't pay tax on goods they purchase from Amazon, that means the rest of us are paying more than our share.

     

    Amazon recently came to terms in my state (Texas) and agreed to collect sales tax.
    30 Apr 2012, 08:14 PM Reply Like
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