Apple's taxes due and tax rate for 2011 don't match reported numbers
Earlier in this day, we reported on a New York Times piece in which the paper claimed that Apple was using a variety of measure to avoid paying U.S. income tax. It turns out that the Times based key pieces of its information on a study that had been discredited two weeks prior.
The data used by the Times included a report by the Greenlining Institute, which made errors in computing Apple’s supposed tax rate at 9.8% for the 2011. The data used by the report effectively compared Apple’s 2011 profit with taxes paid by the company for profits in 2010 and drew unfounded conclusions as a result.
Apple fails when it comes to defending its tax practices
Over the weekend, the New York Times ran another in its series of exposes about Apple. This one focused on Apple’s complex mix of offices and subsidiaries located throughout the world and the U.S. that allow the company to keep large portions of its more than $100 billion in low-tax states and countries.
The report comes after the paper’s expose on working conditions within Foxconn, the contractor that Apple uses to assemble most of its products and calls by politicians and members of the media for Apple to move more of its manufacturing and money to American soil.
Over the last few weeks, third-party iOS developers received a lot of heavy venom from the Internet after reports surfaced that apps are accessing users’ address book information without users’ permission. It appears that the situation is worse than first thought and that apps can access more than just address books without notifying users. Photos on iOS devices are also susceptible to apps once a user has granted an app permission to their location information.
A Brazil-made iPad has been in the offing since July 2011. However, plans by Taiwan’s Foxconn to build the tablet in South America were held up by negotiations surrounding taxes that could double the cost of Apple’s tablet. Now comes word the government has exempted the iPad, freeing Foxconn to begin churning out iPads stamped “Made in Brazil.”
We thought we’d put this Apple television business to rest as a pipe-dream, but then Steve Jobs’s biography came out, where he claimed he had finally “cracked” the TV problem. Now the rumor mill has started itself up again with renewed vigor, and the latest report from Nick Bilton over at The New York Times: his sources tell him that Jobs thought that the “industry was totally broken” a real Apple-branded television set “isn’t a matter of if, but when,” a “guaranteed product.”
For those in the NYC area, staying on top of Hurricane Irene-related developments on an iDevice just became a little easier as the two major NYC newspapers, the New York Times and Long Island’s Newsday, have dropped their paywalls for Irene-related news.
The New York Times has issued an update to its iOS apps today that now allows users to subscribe to paid content through in-app purchases. The change comes a day later than the June 30 deadline Apple imposed on subscription apps that must now provide a way for users to sign up without being redirected to a website.
News.me is a social news experience from bit.ly unlike any other currently in the App Store. Not only does it provide you with a list of content your friends are sharing like applications such as Flipboard and Zite, but it also allows you to view the content they are reading. It claims to offer a “seamless interface for immersive reading” that uses “science to find the most relevant content in every user’s stream.”
The News.me iPad app just hit the App Store, but made news before its release thanks to its backing from the New York Times, and the publishers and websites that are also on board; such as AOL, Forbes, Gawker, Business Insider, Gigaom, Mashable, Venturebeat and the Associated Press.