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<td align="left"><span style="color:rgb(168,24,23);font-family:arial,helvetica,sans-serif;font-size:11px;font-weight:bold">BREAKING NEWS</span></td>
<td align="left"><span style="color:rgb(102,102,102);font-family:arial,helvetica,sans-serif;font-size:11px">Monday, May 20, 2013 5:08 PM EDT</span></td>
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<td><a href="http://p.nytimes.com/email/re?location=4z5Q7LhI+KVBjmEgFdYACPLKh239P3pgicsDSzvCTNJEczARywFxlg9yRx5CBhpRegJLpjy+QM8PFWtbEmcpKiaymq0Ib3C2uRZyPAy4T9BPlZX9ZR7QAV6N+DuW3M5lQ1pVRAor/JaFask/qqhJow==&campaign_id=132&instance_id=29017&segment_id=46751&user_id=2e59035bcefb20333e3669e05e7eef38" style="color:rgb(0,0,1);font-size:24px;line-height:30px;text-align:left;text-decoration:none" target="_blank">Apple Avoided Billions in Taxes, Congressional Panel Says</a>
<table style="color:rgb(51,51,51);line-height:22px;font-size:15px;margin-top:11px" cellpadding="0" cellspacing="0">
<tbody><tr><td style="color:rgb(51,51,51);line-height:22px;font-size:15px;padding:4px 0px 12px">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.</td></tr>
<tr><td style="color:rgb(51,51,51);line-height:22px;font-size:15px;padding:4px 0px 12px">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.</td></tr>
<tr><td style="color:rgb(51,51,51);line-height:22px;font-size:15px;padding:4px 0px 12px">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.</td></tr>
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<h4 style="color:rgb(0,0,1);font-weight:bold;margin:5px 0px 2px">READ MORE »</h4>
<a href="http://p.nytimes.com/email/re?location=4z5Q7LhI+KVBjmEgFdYACPLKh239P3pgicsDSzvCTNJEczARywFxlg9yRx5CBhpRegJLpjy+QM8PFWtbEmcpKiaymq0Ib3C2uRZyPAy4T9BPlZX9ZR7QAV6N+DuW3M5lQ1pVRAor/JaFask/qqhJow==&campaign_id=132&instance_id=29017&segment_id=46751&user_id=2e59035bcefb20333e3669e05e7eef38" style="color:rgb(0,66,118);text-decoration:none" target="_blank">http://www.nytimes.com/2013/05/21/business/apple-avoided-billions-in-taxes-congressional-panel-says.html?emc=na</a></td>
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<br clear="all"><br>-- <br>Art Deco (Wayne A. Fox)<br><a href="mailto:art.deco.studios@gmail.com" target="_blank">art.deco.studios@gmail.com</a><br><br><img src="http://users.moscow.com/waf/WP%20Fox%2001.jpg"><br>
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