Tuesday, 21 May 2013

Apple Used Loopholes To Skip Paying U.S. Taxes On $44 Billion In Offshore Income, Senate Committee Claims

Corrects first paragraph to specify that taxable offshore income was $44 billion. Image via CrunchBase Apple relied on a "complex web of offshore entities" and U.S. tax loopholes to avoid paying billions of dollars in U.S. taxes on $44 billion in offshore income over the past four years, according to excerpts from