Vox: Apple Is Spending Even More of Its Huge Tax Cut on Wall Street Stock Buybacks
media mentionApple, like a lot of corporations, wasn’t paying the full 35 percent corporate tax rate even before the tax cut bill was passed, but the new legislation has been very good to it. According to the liberal-leaning Institute on Taxation and Economic Policy, dozens of profitable Fortune 500 companies paid no federal income taxes at all last year, including Amazon and IBM.