Taxes

Report: Apple avoided billions in U.S. taxes on foreign income

20 May 2013

Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying billions of dollars in U.S. taxes on $44 billion in foreign income over the past four years, a Senate investigation has found.

Apple offshore loopholes averted taxes: panel

20 May 2013

Apple avoided paying taxes on tens of billions of dollars in profits through a complex network of subsidiaries, many with "no declared tax jurisdiction," a US Senate panel has concluded.

Panel: Apple uses firms outside US to avoid taxes

20 May 2013

WASHINGTON (AP) — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.