The tech giant Apple is being accused of a massive tax-dodging scheme that saved it tens of billions of dollars. A bipartisan Senate report says Apple avoided paying U.S. taxes on $44 billion in income between 2009 and 2012. The report describes a massive and unprecedented web of affiliates spanning several continents. The subsidiaries were used to hide the company’s profits even in countries where Apple had no employees.
Senate Report Says Apple Avoids Billions in Taxes
HeadlineMay 21, 2013