US Senators Accuse Apple of Avoiding Billions in US Taxes

US CapitolFrom FT.com:

Congressional investigators on Monday accused Apple of avoiding paying billions in taxes on its international profits by exploiting US tax loopholes and using two Irish subsidiaries that are not technically tax residents of any country.

The Senate permanent subcommittee on investigations released a 40-page report on Apple’s international tax structure ahead of a hearing that will shine a harsh political spotlight on the US technology group.

See the full story from FT.com here, and the report from the Senate Staff here.

 

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