Oh dear, oh dear:
“But even Apple cannot escape concerns about its possession of so much private power. It stands on the threshold of being the world’s first trillion-dollar company. It pays trivial amounts of tax in relation to its sales.”
Apple’s sales, some $215 billion. Tax paid, some $10 billion. No, that’s tax paid, not tax that should be but isn’t.
Walmart sales, $485 billion. Tax paid $4.5 billion.
Apple has half the sales and pays twice the tax and this isn’t enough?
Or, perhaps, the writers of the editorial need to remind themselves that we don’t in fact tax sales at the corporate level, we tax profits?