A published report says Apple Inc. uses subsidiaries in Ireland, the Netherlands and other low-tax nations as part of a strategy that enables the technology giant to cut its global tax bill by billions of dollars every year.
The New York Times on Sunday outlined legal methods used by Cupertino, Calif.-based Apple to avoid paying billions of dollars in federal and state taxes.
One approach highlighted in the report: Even though the company is based in California, Apple has set up a small office in Reno, Nev. to collect and invest its profits.
...
More Suggested Content:
Apple Profit Nearly Doubles
April 24, 2012
From News
Apple Tuesday reported an $11.6 billion profit for the second quarter, putting to rest fears from observers that the company's results would underwhelm.
CEA Assails Government On Apple Suit
April 12, 2012
From News
The Consumer Electronics Association came out swinging Wednesday against the Obama Administration following news that the Obama Justice Department has sued book publishers and Apple over antitrust violations.
