Fiber Optic Telecommunications Networks: Apple Paid Just 2% Tax On Overseas Profits

James F. Booth

For more than 25 years, James Booth has provided consulting and legal services to telecommunications carriers and to enterprise companies that manage their own telecommunications networks. Since June of 2009 he has also served as General Counsel of Spread Networks, LLC, which is the industry leader in the construction and operation of low latency high speed networks. Before joining Spread he was General Counsel for OnFiber Communications, a competitive telecommunications provider, and was the sole attorney for Qwest Communications International in support of its construction of an 18,800 mile fiber optic network spanning the United States. Earlier he was lead counsel for U S WEST in its wireless and cable television ventures in the United States, Europe and Hong Kong.

Monday, November 5, 2012

Apple Paid Just 2% Tax On Overseas Profits

Apple paid less than 2% tax on its overseas profits, documents have revealed, after the technology giant slashed the amount foreign taxmen receive. The iPad and iPhone creator paid $713bn (£445m) in corporation tax outside the US in the year to September 29 - despite foreign pre-tax earnings soaring more than 50% to$36.8bn (£23bn). Papers filed with US regulators revealed Apple's overseas tax rate fell to 1.9%, compared to 2.5% the previous year amid a headline corporation tax rate in the UK of 24% and 35% in the US. http://uk.news.yahoo.com/apple-paid-just-2-tax-overseas-profits-175651676--finance.html