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Title: News: Apple tops new study’s list of U.S. tax avoiders Post by: HCK on October 05, 2016, 04:05:25 pm News: Apple tops new study’s list of U.S. tax avoiders
A new study from Citizens for Tax Justice claims that Apple tops the list of U.S. companies profiting from keeping its money in foreign countries. According to the study, Apple booked $214.9 billion in revenue offshore in 2015, revenue on which the company would have paid $65.4 billion if that money wasn’t kept outside the country. The report mentions a 2013 investigation into Apple’s two Irish subsidiaries that were structured to be “tax… Source: News: Apple tops new study’s list of U.S. tax avoiders (http://www.ilounge.com/index.php/news/comments/apple-tops-new-studys-list-of-u.s.-tax-avoiders) |