Let's call on Apple (like a certain presidential candidate) to release its tax returns. Apple disclosed an effective tax rate of 26 percent -- meaning its accountants record 26 cents of estimated tax liability for each dollar of reported pre-tax income. We can't see the whole puzzle without seeing the individual pieces of Country A and Country B.Why would Apple voluntarily release its confidential tax returns? And that can happen only if we have visibility into Apple's tax disclosures It's not completely kooky to urge more tax transparency. Some tax reform advocates think that they should be made public to expose aggressive tax avoidance.Imagine if such an Apple filing was public today.

Source: Economic Times September 06, 2016 17:59 UTC