Apple case seen as possible spur to tax action
May 22, 2013 /Uncategorized

Apple case seen as possible spur to tax action

Apple CEO Tim Cook testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations as lawmakers examine the methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code. Lawmakers want to know the tax strategy of how Apple, the world's most valuable company, based in Cupertino, Calif., holds a billion dollars in an Irish subsidiary as a tax strategy, according to a report issued this week by the subcommittee. (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — Now that tech darling Apple Inc. has been dragged front and center into the debate over the …read more

Source: Yahoo Technology Feed

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