Despite iPhone profits, Apple now pays half of Samsung's corporate tax rate
It is still a huge chunk of money going into the government's coffers, as Apple's operating profits are astronomical, but the tax rate has also dropped the whopping ten points for Apple, compared to the previous fiscal year.
How does that 14% tax rate compare to the other mobile industry juggernaut Samsung? Well, the Koreans got their taxes actually hiked, and have paid 28% of their operating income in taxes in the first half of the year, or, double Apple's effective rate.
If it were taxed like Apple, Samsung would likely be much nearer its record net profit amount, and its product portfolio is much more diversified going forward, with smartphones now representing only a fraction of its revenue haul.
source: The Investor
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