maybe the low was in. may still have a higher low though.
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Instead of paying Irish corporation tax of 12.5%, or the US rate of 35%, Apple's avoidance structure helped it reduce its tax rate on profits outside of the US to the extent that its foreign tax payments rarely amounted to more than 5% of its foreign profits, and in some years dipped below 2%.
The European Commission calculated the rate of tax for one of Apple's Irish companies for one year had been just 0.005%.
Apple's 2017 accounts showed they made $44.7bn outside the US and paid just $1.65bn in taxes to foreign governments, a rate of around 3.7%. That is less than a sixth of the average rate of corporation tax in the world.
Apple sold another 5 billion in bonds, so Tim can continue "enhancing" shareholder value with buybacks and dividends. Does anyone doubt how much the CEOs of these international firms would love a chance to bring the money home and pay off that rising pile of debt.
NYMO- Yes that long post by Northman Trading this weekend he noted that the new highs were happening on a negative NYMO.
My first 'trading system' used the NYMO. I am not as dedicated as Mr. Bachnut, as I never put it into practice as it required holding for days at a time and the memory of watching the great flash crash live on my screen was too close to the surface.
ES 2587.50 looks like such an obvious target I suppose it will take the rest of the session to drift up there. But IF we close at what will be two days worth of VWAP and just slightly red on the day (TO CLEAR THE SLATE of all those statistics on consecutive days) well won't that leave the market in a great position to once again test that all time high.
Instead of paying Irish corporation tax of 12.5%, or the US rate of 35%, Apple's avoidance structure helped it reduce its tax rate on profits outside of the US to the extent that its foreign tax payments rarely amounted to more than 5% of its foreign profits, and in some years dipped below 2%.
The European Commission calculated the rate of tax for one of Apple's Irish companies for one year had been just 0.005%.
Apple's 2017 accounts showed they made $44.7bn outside the US and paid just $1.65bn in taxes to foreign governments, a rate of around 3.7%. That is less than a sixth of the average rate of corporation tax in the world.
Don’t ignore the effect of deferred accruals on Apple’s tax position. My understanding is that Apple has a rather significant set-aside portion for eventual payment of US taxes.
So as long as we close red it counts as bearish engulfing, so gives Cobra something to talk about tonight. You would guess that this is important if it includes a new high but only research will reveal the truth.
Bulkowski says it isn't a good long term marker, just good for a short term reversal. So maybe it is telling us to be ready to buy the dip once again in a couple of days
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