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IRS Adjusts Deduction Limits for Health Savings Accounts
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Pinning Down Apple s Alleged 0.005% Tax Rate: Mission Impossible

Accounting Today

(Bloomberg) The European Commission’s finding that Ireland must collect as much as an attention-getting 13 billion euros ($14.5 billion) in back taxes from Apple Inc. contained a second stunning number: 0.005 percent. In a news release, the commission said that figure represented the effective corporate tax rate Apple paid on its European profits in 2014. At that rate, someone who earned $1 million would pay $50 in tax.