Apple Inc (AAPL)

[Cody6]

tw0 you fail to consider the fact that the U.S. tax laws changed in 2018, particularly in regards to controlled-foreign corporations. Section 965 imposed a tax on these corporations’ share of offshore accumulated earnings and profits of the foreign entities. If you check the tax provision on Apple’s 2018 10-K you should see a significant charge for the tax on these un-repatriated earnings.

Further, I just recently heard that Apple attempted to get an exemption from tariffs on the basis that it “significantly” contributes to U.S. economy in the form of both corporate and payroll taxes.