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Apple Used Loopholes To Skip Paying U.S. Taxes On $44 Billion In...

2013-05-21 12:59:50| Wireless - Topix.net

Apple relied on a "complex web of offshore entities" and U.S. tax loopholes to avoid paying billions of dollars in U.S. taxes on $44 billion in offshore income over the past four years, according to excerpts from a Senate subcommittee report to be released tomorrow as Apple CEO Tim Cook testifies on the company's overseas operations.

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