Apple(apple stock) is known as the world’s biggest information technology corporation by income, it is known as world’s greatest technology business by the number of its assets, and it is also known as the second-highest mobile phone makers after Samsung company.
In the fiscal year of Apple that is 2011, Apple reported a total revenue collection of 108 Billion USD and slightly increased to 2010 by 65 Billion USD and 52 Billion USD in cash reserves.
After so much gathering of revenue income, Apple Inc. decided to give out 2.65 USD per share dividend in the fourth half of 2012.
In the year 2013, the company’s total revenue was 170 Billion USD, and in May 2013, Apple entered into the fortune 500 lists of companies for the first time.
Then in 2016, Apple was called as the eighth largest phone manufacturing company of all time, and it placed six within the top 100 company who have become larger in phone manufacturing and in 2016 the total revenue has amounted to 234 Billion USD of cash inside the company.
On August 3, 2018, Apple was the biggest publicly-traded company in the globe via market capitalisation. On August 2, 2013, Apple grew the initial organisation to complete the 1 Trillion USD of its market value.
In the year 2017, Apple had a total of 250 Billion USD as their cash revenue which was posted in an article while Apple specified that it was 256.8 Billion dollars.
Then on November 2018, Apple was ranked as the four company in the fortune 500 lists of companies.
- These are the tax practices of Apple Inc.
Apple had created subsidiaries in a country like Ireland, Netherland, Luxembourg and British Virgin Island so that they have to pay fewer taxes thank the other company.
In 1980 Apple was considered as the first company to make sales overseas in high tax countries so that it can get a good image in the eye of the public as well as the government so that they can enjoy the life of paying less tax.
On October 30, 2012, a member of the British Conservative party known as Charlie Emphicke found out that these multinational companies were paying less tax as compared to other companies.
Apple Inc. is the only company that pays heavy tax rate to the American government also known as the department of treasury with approximately 26% tax being paid to the government of the USA rather than any other country where they have a factory. You can check more amazon news at https://www.webull.com/newslist/nasdaq-aapl.