Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds

Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds

allthingsd.com
New Apple Inc. has set up corporate structures that have allowed it to pay little or no corporate tax—in any country—on much of its overseas income, according to the findings of a U.S. Senate examination released Monday evening. The unusual result is possible because the iPhone maker’s key foreign subsidiaries argue...
Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds
                                       

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