[Vision2020] A Wormy Apple

[Scott Dredge]

Apple shareholders are likely very pleased about this tax avoidance.

Date: Mon, 20 May 2013 17:48:27 -0400
From: art.deco.studios at gmail.com
To: vision2020 at moscow.com
Subject: [Vision2020] A Wormy Apple

 

         |
         BREAKING NEWS ALERT

        
       
      
      
      
      
       
        
         NYTimes.com 

         |
         Unsubscribe

        
       
      
      
     
    
   
   
  
 



 
  
   
   
    
     
      BREAKING NEWS
      Monday, May 20, 2013 5:08 PM EDT
     
    
   
   
  
 




 
  
   
   
    
     
      
      
       
        
         Apple Avoided Billions in Taxes, Congressional Panel Says

         
          Even as Apple became the nation’s most profitable technology company,
it avoided billions in taxes in the United States and around the world through a
web of subsidiaries so complex it spanned continents and surprised experts, a
Congressional investigation has found.
Some of these subsidiaries had no
employees and were largely run by top officials from the company’s
headquarters in Cupertino, Calif., according to Congressional investigators. But
by officially locating them in places like Ireland, Apple was able to, in
effect, make them stateless – exempt from taxes, record-keeping laws and
the need for the subsidiaries to even file tax returns anywhere in the
world.
In 2011, for example, one subsidiary paid Ireland just
one-twentieth of 1 percent in taxes on $22 billion on pretax earnings from
various operations; another did not file a corporate tax return anywhere and has
paid almost nothing on $30 billion in profits since 2009.

           
            
            READ MORE »
            http://www.nytimes.com/2013/05/21/business/apple-avoided-billions-in-taxes-congressional-panel-says.html?emc=na

           
          
         
         
        
       
      
      
     
    
   
   
  
 







 
  
   
   
    
     
      
-- 
Art Deco (Wayne A. Fox)
art.deco.studios at gmail.com





=======================================================
 List services made available by First Step Internet,
 serving the communities of the Palouse since 1994.
               http://www.fsr.net
          mailto:Vision2020 at moscow.com
======================================================= 		 	   		  
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/vision2020/attachments/20130520/71ed94ad/attachment-0001.html>