On Tuesday, top Apple executives, including the C.E.O. Tim Cook, were out of Silicon Valley and on Capitol Hill. They were there to face the members of the Senate Permanent Subcommittee on Investigations, who had some questions about the ways Apple has—legally—avoided paying billions of dollars in U.S. taxes through a complicated system of overseas subsidiaries. (John Cassidy has more on the hearing and the public’s lack of outrage about this situation, which is not limited to Apple.)
To the right, a look at some of the most striking numbers from the subcommittee’s report on Apple’s taxes. First, what two of those subsidiaries, Apple Operations International and Apple Sales International, made, and what they paid. Then, what Apple would have paid for the forty-four billion dollars of income that subcommittee investigators say the company has thus far avoided U.S. taxes on in two situations: one in which Apple pays the full statutory federal corporate tax rate of thirty-five per cent, and one in which it pays only 20.1 per cent, which is the effective federal rate that it paid in 2011.