FORTUNE ā Honorable men and women can disagree about whether a front page story in Thursdayās New York Times, blamed Apple (AAPL) for the epidemic of cellphone thefts or merely accused the company of not doing all it could.
But thereās no getting around the fatal problem with the sentence in Floyd Norrisā Appleās Shuffle Keeps Profit Out of Reach of Taxes, posted Thursday afternoon in the Timesā Business Day section, that begins:
āStarbucks could get away with paying no taxes in Britain, and Apple can get away with paying little in the United States [relative to the profits it makes] ā¦ā [See UPDATE 1]
Little?
Let me quote from the New York Times itself, in a Jan. 3, 2013 piece by Charles Duhigg and David Kocieniewski titled Inquiry Into Tech Giantsā Tax Strategies Nears End:
āIn its statement, Apple said it paid āan enormous amount of taxesā to local, state and federal governments. āIn fiscal 2012 we paid $6 billion in federal corporate income taxes, which is 1 out of every 40 dollars in corporate income taxes collected by the U.S. government.'ā [See UPDATE 2]
If that doesnāt make Apple the countryās single largest corporate tax payer, it surely puts it near the top.
We all know Apple is an easy target. The New York Times has a Pulitzer to prove it. But if the Times is going to pick on the company, maybe it should check its facts against its own reporting.
UPDATE 1: The phrase in brackets ā ārelative to the profits it makesā ā was added to Norrisā column after this item appeared. While it may add to the sentenceās truthiness quotient, Iām not certain it pushes it over the line.
UPDATE 2: Before it went to press for Fridayās paper edition, Norris added this paragraph: āA company spokesman says the company paid $6 billion in federal income taxes last year, and āseveral billion dollars in income taxes within the U.S. in 2011.āā That helps, although for the record, the $6 billion was paid in Appleās fiscal 2012, which isnāt quite the same as ālast year.ā