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.
The bucolic setting belies the billions it has saved the company since Steve Jobs set it up.
FORTUNE -- "There are no multi-lane highways across the street from its redbrick and glass building," writes Fortune Vivienne Walt.
"Rather, a pair of horses munches on a rangy patch of grass, near to an empty soccer field, while a few miles away, dairy cows laze on the green fields of Blarney under a stormy MOREPhilip Elmer-DeWitt - Nov 1, 2013 4:53 PM ET
A former U.S. senator comes to Tim Cook's defense in the New York Times' sister paper.
FORTUNE -- "As a multinational company, Apple sells products and earns profits in dozens of countries," writes former senator John E. Sununu (Rep., N.H.) on the op-ed page of Monday's Boston Globe. "The U.S. government, unlike most others, attempts to collect taxes on all of those profits, not just those earned in the United States."
And MOREPhilip Elmer-DeWitt - May 27, 2013 7:41 AM ET
"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
On the New York Times Op-Ed page he calls Apple CEO Tim Cook a liar.
FORTUNE -- I met Joe Nocera once, and he seemed like a nice guy. Over his long career as a business journalist -- including more than a decade at Fortune -- he's done some first-rate work on Apple (AAPL). "The Second Coming of Steve Jobs," a profile for Esquire of the entrepreneur at age 31, may MOREPhilip Elmer-DeWitt - May 23, 2013 7:24 AM ET
To the surprise of many, it was the Tea Party candidate from Wisconsin.
FORTUNE -- Sen. Ron Johnson -- not to be confused with the Ron Johnson who created the Genius Bar -- gets a lot of heat from liberals in his home state for his positions on abortion (he's against it), same sex marriage (ditto), global warming (caused by sun spots) and the Violence Against Women Act (unconstitutional).
There's even a MOREPhilip Elmer-DeWitt - May 22, 2013 1:13 PM ET
Reporters wrote two kinds of second-day stories, with two very different takes.
FORTUNE -- A search of Google News the day after Tim Cook's Senate testimony on Apple's (AAPL) taxes turned up two kinds of stories.
Headlines reporting on the fact of the hearing tended to use metaphors of violence ("rip," "lambaste," "clash," "spar," "fend off") or of high-temperature torture ("grilled," "under fire," "hot seat").
But the journalists who reported on the atmospherics MOREPhilip Elmer-DeWitt - May 22, 2013 10:14 AM ET
No one laid a glove on Apple's CEO, not even the subcommittee's hostile chairman.
FORTUNE -- In February, the Huffington Post's Jason Gilbert reviewed the performance of Apple (AAPL) shares on days that Tim Cook spoke in public and concluded, as his headline put it,
The Last 6 Times Tim Cook Has Talked, Apple's Stock Has Dropped.
So it was with some trepidation that Apple investors tuned in to C-Span.org Tuesday morning to watch Cook's MOREPhilip Elmer-DeWitt - May 21, 2013 3:05 PM ET
The junior senator from Kentucky has been tweeting up a storm in Apple's defense.
FORTUNE -- In subcommittee hearings Tuesday, Senators Carl Levin and John McCain were careful to balance praise for Apple's (AAPL) achievements with outrage over its "convoluted and pernicious" (McCain's words) tax avoidance strategies.
Sen. Rand Paul showed no such balance. He lit into his own committee's leadership for "dragging" one of America's great success stories into what he MOREPhilip Elmer-DeWitt - May 21, 2013 11:10 AM ET
C-Span.org began coverage at 9:30 a.m. Tim Cook is scheduled to appear in Part 2.
FORTUNE -- If the subcommittee report is any indication, Tim Cook and his colleagues will face tough questions Tuesday from Sens. Carl Levin (Dem.) and John McCain's (Rep.) Permanent Subcommittee on Investigations.
The report charges that Apple (AAPL) avoided paying roughly $10 billion in U.S. taxes a year by funneling foreign income through a series of Irish MOREPhilip Elmer-DeWitt - May 21, 2013 9:30 AM ET
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