April 30, 2012
- Categories:In Other News
Apple is receiving some scruitiny about their taxes.
Although Apple didn’t disclose its amount of U.S. federal and state taxes paid, it did reveal in its last annual report that it paid $8.3 billion in worldwide taxes. That equals an 9% tax rate, compared with, for example, the 24% tax rate Walmart pays. Apple contends it has not done anything illegal or unethical, telling the Times it “has conducted all of its business with the highest of ethical standards, complying with applicable laws and accounting rules.” Then Apple used language it usually reserves for product hype, adding, “We are incredibly proud of all of Apple’s contributions.”