Apple Tax Bill Overstated to Investors

Apple Inc.’s real tax bill isn’t as big as the one it reports to its investors. Among the findings of an investigation by the Senate’s Permanent Subcommittee on Investigations are figures that show Apple’s reported taxes substantially exceed the sum it actually pays the U.S. Treasury.

News Byte

Apple Hires Tech Analyst Michael Gartenberg

Veteran tech analyst Michael Gartenberg is jumping the fence to work for a company he has spent decades covering during stints at Gartner, Altimeter and Jupiter Research. Forbes reports, and AllThingsD has independently confirmed, that Gartenberg has recently taken a job at Apple. Details on his role at the company are slim, though sources say he’ll be working for Apple’s marketing group, a division overseen by SVP Phil Schiller.

Apple Says It Abides by Tax Laws, Loopholes and All

“We pay all the taxes we owe. Every single dollar,” says Tim Cook.
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You Spend a Lot of Time With Your Mobile Device at Home — Even More if It’s an iPad

A huge spike in broadband use for mobile devices — when they’re still in your house. Apple accounts for nearly half of that.
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Ireland: We’re Not Apple’s “Holy Grail of Tax Avoidance”

Ireland is “a highly tax-compliant country.”
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Domestic Mac Sales Flat in April (And That’s Not Bad)

According to NPD, North American Mac sales for April were unchanged year over year, despite the market shift from PCs to mobile devices.
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Voices

Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds

Apple Inc. has set up corporate structures that have allowed it to pay little or no corporate tax — in any country — on much of its overseas income, according to the findings of a U.S. Senate examination released Monday evening.

Here’s What Tim Cook Will Tell Senators About Apple, Offshore Cash and Taxes

Apple isn’t improperly ducking U.S. taxes, but the rules need to be reformed, according to the company.
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Apple Retail Stores Rack Up Record Revenue Per Customer

So much for Apple’s “very painful and expensive” retail mistake …
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