Apple effective tax rate rises to 17% as OECD tax deal bites

Apple disclosed in its SEC annual report that its effective tax rate rose to 17%, up from prior levels, reflecting the impact of the OECD's global minimum tax and international efforts to curb tech tax avoidance. The increase signals a structural shift in the tax burden for multinational tech firms, potentially affecting earnings and cash flow. The exact magnitude of the impact on future earnings remains uncertain as the OECD rules phase in.

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