FORTUNE -- The Australian Financial Review added some local color Wednesday to the Apple (AAPL) tax haven story that was such big news in the U.S. one day last May. (The smartest take on it, for my money, was the one Jon Stewart delivered on the The Daily Show the next night.)
A lot of the detail in the documents Apple filed with the U.S. Senate Permanent Subcommittee on Investigations was redacted. But it turns out that as a registered foreign company doing business in Australia, Apple was required to file annual financial statements with the Australian government.
The Review got their hands on those statements and used them to produce a series of charts (attached above and below) that do a pretty good job showing how the company, by funneling untaxed profits from a high-tax country like Australia to its tax haven in Ireland, was able to reduce its local federal tax rate to less than 1%.
One caveat: The financial statements the Review obtained only cover the years 2000 to 2009. Its editors had to extrapolate in order to extend the data to 2013. And because the really big money started pouring in after 2009, those eye-popping numbers in the 2010-2013 charts should be taken with a grain of salt.
Below: The Review's data.
"Who are those people? What is the opposite of a Genius Bar?"
FORTUNE -- You knew The Daily Show wasn't going to pass up a chance to comment on a hearing as unintentionally comical as the Senate subcommittee's probe into Apple's (AAPL) taxes.
Apologies for the fuzzy YouTube clip. There's a better version on Comedy Central's Daily Show site.Philip Elmer-DeWitt - May 23, 2013 1:01 PM ET
News Corp. might seek a waiver of FCC rules in order to buy the Los Angeles Times. Jon Stewart has some questions.
FORTUNE -- Media-ownership rules might or not be outdated, but for now, they still exist. They can be waived, however, to allow media companies to own several different news outlets in the same market. News Corp.(NWSA) chief Rupert Murdoch has received several such waivers over the years, even though MOREDan Mitchell, contributor - Mar 29, 2013 2:33 PM ET
Samsung's "buzz score" has overtaken Apple's in a key demographic, says YouGov
The chart at right says it all.
Starting around Nov. 28 -- six days after Samsung began airing its Galaxy Nexus ads mocking Apple's (AAPL) customer base (see here) -- the Korean conglomerate's "buzz" started rising and the iPhone's drifting down.
And on Wednesday, according to a press release issued by YouGov, something unthinkable happened:
"Samsung has just edged past the iPhone MOREPhilip Elmer-DeWitt - Dec 14, 2011 1:11 PM ET
If you're looking for evidence of manipulation, Friday's close was picture-perfect
"The easiest way to think of options," wrote The Market Skeptics's Eric deCarbonnel in a prescient 2009 post, "is as a type of insurance. Investors pay a premium to protect themselves against sharp swings in the market. If these sharp swings don't happen, those selling options (option market makers) keep the premiums as profit."
"In a legitimate free market," he continues, "every MOREPhilip Elmer-DeWitt - May 15, 2011 9:32 AM ET
The Daily Show host blasts Apple for Big Brother tactics in the lost iPhone case
You know a story has turned a corner when Jon Stewart takes it on, as he did Wednesday night with the case of the lost iPhone prototype.
The satirical host of Comedy Central's The Daily Show devotes nearly nine minutes to the saga. He gets a few facts wrong and glosses over the possibility that crimes were MOREPhilip Elmer-DeWitt - Apr 29, 2010 6:50 AM ET
Tuesday's iPhone 3.0 special event drew the biggest headlines, but that wasn't the only Apple (AAPL) news that broke this week. The highlights:
HD movies on iTunes: On Thursday, the company announced that its collection of high definition movies, hitherto available only through the Apple TV set-top box, can now be purchased or rented on the iTunes Store for viewing on a Mac, PC or widescreen TV. Is this a sign MOREPhilip Elmer-DeWitt - Mar 20, 2009 10:41 AM ET
The highlight of Thursday night's appearance of CNBC's Mad Money host Jim Cramer on The Daily Show with Jon Stewart -- which both NBC and Comedy Central had done their best to promote as the grudge match of the century -- turned out to be a two-year old TheStreet.com video of Cramer being interviewed about about how easy it is to manipulate Apple's (AAPL) stock price.
The video is famous among MOREPhilip Elmer-DeWitt - Mar 13, 2009 10:27 AM ET
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