Apple Spent $6 Billion On Corporate Income Taxes In 2012

Posted Jan 14, 2013

Apple Inc. has paid $6 billion in federal corporate taxes for 2012.  Apple said “In fiscal 2012 we paid $6 billion in federal corporate income taxes, which is 1 out of every 40 dollars in corporate income taxes collected by the U.S. government.”

This was Apple’s response to a New York Times article about how there is a congressional investigation taking place around Apple’s accounting practices along with a few other tech companies.

Last year we wrote an article about how Apple saves billions of dollars in taxes per year and Apple paid 1.9% income tax on $36.8 billion in 2012 earnings outside the U.S.  Even Facebook kept $700 million in the Grand Caymans to avoid paying high taxes.  The reason why Apple is particularly being spotted is because they are the most valuable company in the world.