Apple's taxes on overseas profits last year: Less than 2 percent

Apple, like many other global companies, generate much of its profits overseas where tax rates are more favorable. But the profits are often stuck overseas, because they would be taxed at the higher 35 percent U.S. corporate rate if they were brought home, a process known as repatriation. Many companies, such as Cisco Systems, have argued for tax relief for the repatriation of foreign profits.