{"id":47680,"date":"2012-06-09T11:12:47","date_gmt":"2012-06-09T16:12:47","guid":{"rendered":"http:\/\/thesocietypages.org\/socimages\/?p=47680"},"modified":"2013-11-08T04:18:54","modified_gmt":"2013-11-08T09:18:54","slug":"apples-tax-bill-rising-much-slower-than-its-profits","status":"publish","type":"post","link":"https:\/\/thesocietypages.org\/socimages\/2012\/06\/09\/apples-tax-bill-rising-much-slower-than-its-profits\/","title":{"rendered":"Apple&#8217;s Tax Bill Rising Much Slower Than Its Profits"},"content":{"rendered":"<p>Apple&#8217;s profits more than quintupled in the last five years, but their tax burden has risen much more slowly. \u00a0Last year, just 9.8% of their profits went to taxes. \u00a0\u00a0&#8220;By comparison,&#8221; writes economist <a href=\"http:\/\/media.lclark.edu\/content\/hart-landsberg\/2012\/05\/05\/corporate-taxes-and-the-public-interest\/\" target=\"_blank\">Marty Hart-Landsberg<\/a>, &#8220;Wal-Mart was downright patriotic \u2014 paying a tax rate of 24 percent.&#8221;<\/p>\n<p><a href=\"https:\/\/thesocietypages.org\/socimages\/files\/2012\/06\/13.png\" data-rel=\"lightbox-image-0\" data-rl_title=\"\" data-rl_caption=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-47694\" title=\"\" alt=\"\" src=\"https:\/\/thesocietypages.org\/socimages\/files\/2012\/06\/13.png\" width=\"336\" height=\"139\" \/><\/a><\/p>\n<p>How does the company do it? \u00a0Hart-Landsberg summarizes the <em><a href=\"http:\/\/www.nytimes.com\/2012\/04\/29\/business\/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?_r=2&amp;pagewanted=all\" target=\"_blank\">New York Times<\/a><\/em>: &#8220;The answer is tax loopholes and a number of subsidiaries in low tax places like\u00a0Ireland, the Netherlands, Luxembourg and the British Virgin Islands. &#8221; \u00a0More details at <a href=\"http:\/\/media.lclark.edu\/content\/hart-landsberg\/2012\/05\/05\/corporate-taxes-and-the-public-interest\/\" target=\"_blank\">Reports from the Economic Front<\/a>.<\/p>\n<span class=\"ft_signature\"><em><a href=\"http:\/\/lisa-wade.com\/\">Lisa Wade, PhD<\/a> is an Associate Professor at Tulane University. She is the author of <\/em><a href=\"https:\/\/www.amazon.com\/American-Hookup-New-Culture-Campus\/dp\/039328509X?ie=UTF8&amp;*Version*=1&amp;*entries*=0\">American Hookup<\/a><em>, a book about college sexual culture; a <a href=\"https:\/\/www.amazon.com\/Gender-Interactions-Institutions-Lisa-Wade\/dp\/0393931072?ie=UTF8&amp;*Version*=1&amp;*entries*=0\">textbook about gender<\/a>; and a forthcoming introductory text: <\/em><a href=\"https:\/\/lisa-wade.com\/intro\/\">Terrible Magnificent Sociology<\/a><em>.\u00a0You can follow her on <a href=\"https:\/\/twitter.com\/lisawade\">Twitter<\/a> and <a href=\"https:\/\/www.instagram.com\/lisawadephd\/\">Instagram<\/a>.<\/em><\/span>","protected":false},"excerpt":{"rendered":"<p>Apple&#8217;s profits more than quintupled in the last five years, but their tax burden has risen much more slowly. \u00a0Last year, just 9.8% of their profits went to taxes. \u00a0\u00a0&#8220;By comparison,&#8221; writes economist Marty Hart-Landsberg, &#8220;Wal-Mart was downright patriotic \u2014 paying a tax rate of 24 percent.&#8221; How does the company do it? \u00a0Hart-Landsberg summarizes [&hellip;]<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[36,64,1811,1817,2129,3920,304],"class_list":["post-47680","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-economics","tag-globalization","tag-nation-britainthe-u-k","tag-nation-ireland","tag-nation-luxembourg","tag-nation-united-states","tag-the-state"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/47680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/comments?post=47680"}],"version-history":[{"count":5,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/47680\/revisions"}],"predecessor-version":[{"id":58342,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/posts\/47680\/revisions\/58342"}],"wp:attachment":[{"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/media?parent=47680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/categories?post=47680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thesocietypages.org\/socimages\/wp-json\/wp\/v2\/tags?post=47680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}