Monday, November 27, 2017

All 46 US Technology Companies With Stock Market Caps Above $20 Bil Paid Total Worldwide Income Tax Rate of 22.3% in the Most Recent Three Years, Pretty Consistent With Their Total US Federal Income Tax Rate Paid ...................................................................................... The Trump Tax Proposal Provides Much Help To US Technology Companies, Particularly Related To Their Total Cumulative Foreign Earnings of $825 Bil Which Can Be Very Cheaply Repatriated ...................................................................................... These Tech Companies Are Also Helped By the Territorial Tax System, But This Will Lose Many Good-Paying US Tech Jobs Because of the Now Permanent Creative Shifting of US Income to Lower Taxed Foreign Countries and to the Tax-Free Clouds (Like Apple Does Now) ....................................................................................... Many US Technology Employees Will Be Financially Crushed By the Trump Tax Proposal Due To Their Lost Itemized Tax Deductions Since They Reside Overwhelmingly in High Cost of Living US Blue States

Based on a review of their audited annual financial statements and income tax footnotes filed with the SEC, below is the Worldwide Income Tax Paid and the related Worldwide Consolidated Pretax Income for the most recent three years, as well as the Cumulative Foreign Earnings, mostly at December 31, 2016, which can be repatriated for each of the 46 US Technology Companies with Stock Market Caps Above $20 Bil currently, with the Companies presented in Stock Market Cap order:










Total


Mostly









3 Years Total
3 Years At 12-31-16

2016
2015

2014

2014-16 3 Years
2014-16 Cumulative

WW 2016
WW 2015
WW 2014
WW 2014-16
WW Foreign

Income WW
Income WW
Income WW
Income WW
Effective Earnings
US Technology Companies Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Income  That Can Be
Stock Market Caps Above $20 Bil Paid Income
Paid Income
Paid Income
Paid Income
Rate Paid Repatriated
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s bils $s















Apple     9,772     64,089
  10,747     61,372
  17,739     72,515
    38,258   197,976
19.3%         128.7
Alphabet     4,792     24,150
    3,561     19,651
    3,647     17,259
    12,000     61,060
19.7%           60.7
Microsoft     5,271     23,149
    2,621     19,751
    6,090     18,507
    13,982     61,407
22.8%         142.0
Amazon     1,671       3,892
       869       1,568
       483        (111)
      3,023       5,349
56.5%
Facebook     2,758     12,518
    3,318       6,194
    2,225       4,910
      8,301     23,622
35.1%             2.9
Visa     3,297     11,694
    2,799       8,012
    2,459       8,995
      8,555     28,701
29.8%           12.9
Intel     2,088     12,936
    3,710     14,212
    4,381     15,801
    10,179     42,949
23.7%           46.4
Oracle     2,668     11,517
    2,646     11,442
    3,444     12,834
      8,758     35,793
24.5%           47.5
Cisco Systems     2,802     12,287
    2,375     12,920
    2,243     11,201
      7,420     36,408
20.4%           71.1
Mastercard     1,607       5,646
    1,166       4,958
    1,552       5,079
      4,325     15,683
27.6%             4.0
IBM     1,418     12,330
    1,908     15,945
    4,500     19,986
      7,826     48,261
16.2%           71.4
NVIDIA          42       1,905
       (17)          743
         26          755
           51       3,403
1.5%             3.1
Broadcom Ltd        224     (1,107)
       296       1,467
       125          342
         645          702
91.9%
QUALCOMM     1,331       3,020
    1,419       6,833
    1,244       6,487
      3,994     16,340
24.4%           39.0
Texas Instruments     1,299       4,930
    1,117       4,216
       920       3,874           3,336     13,020
25.6%             9.0
Paypal Holdings        178       1,631
       133       1,488
       162       1,261
         473       4,380
10.8%             3.4
Adobe Systems        169       1,435
       242          874
         83          361
         494       2,670
18.5%             4.2
Priceline Group        690       2,713
       638       3,128
       536       2,989
      1,864       8,830
21.1%           13.0
Netflix        121          261
         78          142
       113          349
         312          752
41.5%             0.1
salesforce.com          77            25
       111            64
         53        (213)
         241        (124)
NM
Danaher        842       2,611
       477       2,039
       246       2,086
      1,565       6,736
23.2%           23.0
Applied Materials        313       2,013
       351       1,598
       394       1,448
      1,058       5,059
20.9%             5.3
Micron Technology      (153)       5,196
       (28)        (281)
       (88)       2,609
       (269)       7,524
-3.6%           12.9
Activision Blizzard        151       1,106
       240       1,121
       196          981
         587       3,208
18.3%             5.1
VMware        295       1,473
       247       1,213
       290       1,048
         832       3,734
22.3%             5.4
Cognizant Technology Sol        896       2,357
       666       2,164
       585       1,924
      2,147       6,445
33.3%             7.9
Intuit        389       1,367
       447       1,203
       280          712
      1,116       3,282
34.0%
eBay        922       3,651
       491       2,406
       636       2,515
      2,049       8,572
23.9%             7.4
Lam Research          13       1,812
         95          960
         80          741
         188       3,513
5.4%             5.4
HP Inc        692       3,761
  (1,413)       3,532
       959       3,863
         238     11,156
2.1%           20.3
Electronic Arts        140       1,210
       110          877
         31          925
         281       3,012
9.3%             1.8
Analog Devices        927          828
         87          957
       165          810
      1,179       2,595
45.4%             6.3
Autodesk          94        (524)
         64          (20)
         13            83
         171        (461)
NM             1.7
Amphenol        338       1,141
       268       1,053
       247          973
         853       3,167
26.9%             NA 
Western Digital        360          769
         60          153
         84       1,577
         504       2,499
20.2%           16.0
Roper Technologies        316          941
       323       1,002
       312          921
         951       2,864
33.2%             1.4
Fortive        335       1,197
       398       1,270
       407       1,279
      1,140       3,746
30.4%             0.9
Cerner        293          918
       177          781
       142          774
         612       2,473
24.7%             0.1
Workday            4        (409)
           1        (289)
           2        (246)
             7        (944)
-0.7%
Red Hat          54          320
         89          275
         46          255
         189          850
22.2%             0.8
ServiceNow            5        (450)
           7        (193)
           5        (176)
           17        (819)
-2.1%
Hewlett Packard Enterprise     2,290       4,079
    2,186       1,470
       901       2,244
      5,377       7,793
69.0%           26.2
Agilent Technologies          79          544
       (28)          480
       193          229
         244       1,253
19.5%             5.5
Microchip Technology          46            90
         18          281
         13          346
           77          717
10.7%             4.3
Align Technology          79          544
         28          480
       193          229
         300       1,253
23.9%             5.5
Skyworks Solutions        240       1,257
       208       1,201
       233       1,024
         681       3,482
19.6%             2.3















Total all 46   52,235   246,823
  45,306   220,713
  58,590   232,355
  156,131   699,891
22.3%         824.9