Senate report shows Apple avoided billions in taxes on foreign income

Ars Technica
By Nathan MattiseMay 20, 2013, 9:00 pm269 pts
A new Senate report (PDF from The New York Times) shows that Apple has been employing potentially sketchy business methods to avoid heavier tax burdens. According to the investigation, the company did dodged billions in potential taxes on $44 billion in foreign income during the past four years. Some of the…

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