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MAY 23, 2013 - Zero Hedge

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Revealed: Apple’s “Offshore” Cash Isn’t Even Offshore

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter No one accused Apple of having violated US tax laws. The Senate subcommittee investigation and hearings merely exposed how Apple is dodging income taxes by doing what multinationals do: taking advantage of the handouts and loopholes that the US Congress and governments around the world are handing them. Tim Cook emerged smelling like a rose, the triumphant CEO of America’s most iconic welfare queen. Alas, much of the discussion was based on a fairytale. Apple got into this pickle because it ... Read More

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