Apple tax rate on foreign profit: 1.9%
Legal tactics let it shelter income
Apple Inc. paid an income tax rate of 1.9 percent on its earnings outside the United States in its latest fiscal year, a regulatory filing by the company shows. The world’s most valuable company paid $713 million in tax on foreign earnings of $36.8 billion in the fiscal year ended Sept. 29, according to a financial statement filed Oct. 31. The foreign earnings were up 53 percent from fiscal 2011, when Apple earned $24 billion abroad and paid income tax of 2.5 percent. The technology giant’s foreign tax rate compares with the general US corporate tax rate of 35 percent.