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Authored by: Gringo_ on Monday, May 20 2013 @ 08:50 PM EDT |
Apple’s offshore network is a subsidiary
named Apple Operations
International, which is incorporated
in Ireland but keeps its bank accounts and
records in the
United States, and holds board meetings in
California.
Because the United States bases residency on where
companies
are incorporated, while Ireland focuses on where they are
managed
and controlled, Apple Operations International was
able to fall neatly between
the cracks of the two countries’
jurisdiction.
Apple Operations
International has not filed a tax return in
Ireland, the United States or any
other country over the
last five years. It had income of $30 billion
between 2009
and 2012. By shuttling revenue between international
subsidiaries, Apple was able to sidestep paying taxes,
Congressional
investigators said.
NYT [ Reply to This | Parent | # ]
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Authored by: cjk fossman on Tuesday, May 21 2013 @ 02:45 PM EDT |
On Apple's method and process for hosing US (and other)
taxpayers.[ Reply to This | Parent | # ]
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