Philip Elmer-DeWitt unravels the latest hit-whoring piece from Joe Nocera on the New York Times where he essentially calls Tim Cook a liar.
Nocera claims that Apple “pays only 10% of its pretax income in taxes.” But he gets that 10% figure by making the same rookie mistake the subcommittee’s staff did, dividing Apple’s U.S. taxes by its worldwide sales.
He claims that Apple routes “tens of billions in pretax profits” to an Irish subsidiary, when Cook testified repeatedly — under oath — that those were post-tax profits.
It gets worse after that. Nocera is so fact challenged that it brings into question the validity of his most memorable conversation; the day Steve Jobs called.
This is Steve Jobs. You think I’m an arrogant #&%$@ who thinks he’s above the law, and I think you’re a slime bucket who gets most of his facts wrong.
Nocera is so wrong so often than anything he writes cannot be believed.