In 2012, Apple paid approximately $6bn in US Corporate Tax on a reported US pretax income of $19bn. This in the words of Apple CEO, Tim Cook, at a Senate subcommittee in Taxes, 30.5% or around 2.5% of the total Corporate Tax revenue raised in the US.
During the same 2012 fiscal year, Apple paid just $713m in foreign taxes on its foreign earnings of $36.8bn, or around 1.93%. In 2013, US Senate investigators raised questions about whether Apple shifted billions of dollars offshore that should have been included in its US income. At the time, Apple had attributed $3bn in income since 2009…
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