The New York Times has revealed in a detailed report Apple's strategies to "sidestep state income taxes." The Cupertino-based company has offices across the US to avoid California's high corporate tax rate.
"Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today's digital economy," said Charles Duhigg and David Kocieniewski in The New York Times report.
To defend its public image, Apple explained in a press release that the company is one of the top payers of US income tax. In the first three months of this year, Apple's domestic operations generated almost $5 billion in federal and state income tax. However, this is not the amount of tax paid directly by Apple, but also its partners and by the industries that Apple helps generate profits.
In addition to paying taxes, Apple pointed out that it has almost 50,000 employees in all 50 US states. But the company, pushes the numbers even harder.
"By focusing on innovation, we've created entirely new products and industries, and more than 500,000 jobs for U.S. workers," says Apple's official statement.