Detailed text transcripts for TV channel - KGO - 20120430:10:44:00
Pretty much cut in half, let's say from what it should be around 35% to the middle teens or even the single digits. >> reporter: sullivan's tax group determined apple was able to move some profits from its home in california to a small office in reno where the corporate tax rate is 0. but 70% of the company's profits are moved overseas. first to a couple companies in ireland, traveling to the netherlands before caribbean banks. the company's tax rate 9.8%. without all the advantages apple would have paid $2.4 billion more in taxes in addition to the $3.3 billion it did pay. we should note the ...