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Comment by tinkerrr | Hacker News Reader

Why this blatant falsification of facts? In 2014, Apple's earnings before interest and taxes was $53,483,000 and the income tax expense was $13,973,000. That's 26.12% effective tax rate. All data from Yahoo! Finance: https://finance.yahoo.com/quote/AAPL/financials?p=AAPL. It's a similar tax rate in other years too.

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Did you read the article? The numbers I wrote are straight from the European Commission. As a European Union citizen I trust EC's findings more than yahoo.

Also, do you really think that Apple made only 50 million in Europe in 2014? What is it? A startup?

This article is regarding Apple's EU profits, the Yahoo statement (I think?) is global profits.

Also the income statement says: All numbers in thousands

So you need to add 000 to the end of those numbers

It seems silly to price in thousands when you're talking about billions. Either go all the way and show billions, or show dollars. Don't try to do some halfassed compromise.

The numbers Yahoo Finance provides are in thousands, so that's $53.4bn in Earnings Before Interest and Taxes and $13.9bn in Income Tax Expense.

Regardless, that's their global financial accounting. It doesn't detail out the EU revenue/taxes in particular. The article linked discusses that specifically. That's where the 0.005% number comes from.

> At the centre of the Apple controversy are two of the company’s subsidiaries, Apple Operations Europe and Apple Sales International.

Find me those numbers, not those of the US parent company Apple, and you have an argument.

Apple made $53 million in a year?

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