Apple's tax testimony ahead of Senate hearing: By the numbers
Apple on Monday posted its full testimony to Congress ahead of a U.S. Senate hearing, in which the company's chief executive will speak to lawmakers.
The U.S. Senate Permanent Subcommittee on Investigation is looking into a number of tax avoidance schemes and strategies by major technology firms.
While Apple took the opportunity to defend its position, taking the high ground over other firms that have abused the tax system at home and abroad, the iPhone and iPad maker stressed one key point: It pays U.S. tax, and if Congress doesn't believe it is paying enough, then lawmakers should change the tax rules.
Included in the testimony are a bevy of numbers that shed light on the company's activities not only in the U.S., but also abroad. Apple says that more than half — nearly two-thirds — of all its revenue comes from international sales.
Here are the numbers we extracted from the testimony:
- Apple estimates it has "created or supported" 600,000 jobs in the U.S.; including 50,000 corporate positions, and 550,000 jobs for manufacturers and software development
- Approximately 290,000 U.S. jobs relate to the "App Economy," thanks to Apple's App Store
- 850,000 applications in Apple's App Store
- Around 800 apps from the App Store downloaded per second
- 61 percent of all Apple's revenue was earned outside the U.S.
- Around $6 billion paid in taxes to the U.S. Treasury in the 2012 fiscal year — around $16 million per day — which according to Apple accounts for $1 in every $40 in corporate tax the U.S. collected in 2012
- Apple expects its income tax bill to increase to more than $7 billion in the 2013 fiscal year
- Apple paid or collected and remitted more than $1.3 billion of U.S. state sales and use taxes
- Out of its estimated $145 billion overseas cash pile, Apple would see a 35 percent reduction after paying tax on its repatriation
- More than $9 billion paid out to third-party developers in connection with app sales