3 Mindbending Ways Apple Dodged $13.8B In Taxes

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3 Mindbending Ways Apple Dodged $13.8B In Taxes - techcrunch.com
Kudos to Apple’s finance lawyers, who are the Cirque Du Soleil of legal contortionism. On the eve of live testimony from CEO Tim Cook, CFO Peter Oppenheimer and Phillip Bullock, head of Apple’s tax operations, a scathing congressional investigation of Apple’s tax dodging strategy reveals how the computer giant avoided $13.8 billion in taxes through a clever labyrinth of offshore tax havens, shell corporations, and paper shuffling.
“The ability to pay taxes of less than 2% on all of Apple’s offshore income gives the company a powerful financial incentive to engage in convoluted tax planning to avoid paying U.S. taxes,” notes the

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