Reposted from Addicting Info.
Apple, the most profitable company of its kind in the United States, has been dodging taxes in a somewhat interesting way — by declaring subsidiary companies that are “stateless” and saying that they don’t have to pay taxes to any country. While their scheme is, in actuality, much more complicated than that, it demonstrates the basic premise of their tax avoidance setup — gall.
And in cheating both the United States and other nations this way, Apple has profited by billions. Nelson D. Schwartz and Charles Duhigg of The New York Times report,
The investigation is expected to set up a potentially explosive confrontation between a bipartisan group of lawmakers and Timothy D. Cook, Apple’s chief executive, at a public hearing on Tuesday.
Congressional investigators found that some of Apple’s subsidiaries had no employees and were largely run by top officials from the company’s…
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