Last September, when we exposed the heretofore unknown entity actively managing Apple's $100 billion+ in offshore held cash (and thus untaxed in the US), we made the following "bold" prediction: "with the topic of finding effective tax loopholes whic

LONDON (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.

The results of its probe of Apple's offshore taxes is now available online.

WASHINGTON/SAN FRANCISCO, May 20 (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore ta

WASHINGTON/SAN FRANCISCO, May 20 (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore ta

WASHINGTON/SAN FRANCISCO, May 20 (Reuters) - Using anunusual global tax structure, Apple Inc has keptbillions of dollars in profits in Irish subsidiaries to paylittle or no taxes to any...

The company’s solution is that the US needs to reform the way it taxes its multinationals if they are to stay competitive in the global economy

Apple (like many giant, multinational corporations) has been avoiding paying the taxes they owe to the country by setting up foreign "subsidiaries" in tax-haven countries, and moving jobs out of the country. Now they want a special tax break to rewar

Apple is accused of being "among America's largest tax avoiders" by a Senate committee, who says the company avoided paying billions of dollars in US taxes.

Apple avoided billions of dollars in U.S. taxes, Senate panel finds

WASHINGTON (MarketWatch) -- Apple Inc.avoided "billions of dollars" in U.S. taxes by setting up offshore entities, a Senate report charged Monday. "Apple sought the Holy Grail of tax avoidance," said Sen. Carl Levin, chair of a Senate panel that will

Apple Inc. avoided "billions of dollars" in U.S. taxes by setting up offshore entities, a Senate

Apple CEO Tim Cook is appearing before Congress tomorrow to talk about the company's taxes and offshore profits. It looks like it's going to be a showdown in D.C. between Apple and Senators who think it's conducting shady business to avoid paying ta

WASHINGTON (Reuters) - Using an unusual global tax structure, Apple Inc has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure concluded on Mo

Apple claims it pays about one-sixth of income taxes U.S. corporations pay to the government, but Tim Cook is going to face tough questions on that front and others when he testifies before a Senate subcommittee Tuesday judging by remarks from the se

The Senate report said Apple’s use of loopholes for international profits allowed it to save tax on $44bn in ‘otherwise taxable offshore income’

Though the company is the nation’s most profitable technology company, it avoid taxes by making some of its units “stateless,” and exempt from taxes everywhere.    

WASHINGTON -- Apple Inc. has used an elaborate web of offshore subsidiaries to avoid paying at least $44 billion in U.S. taxes over the past four years, a Senate investigation has found.    

WASHINGTON, May 20 (Reuters) - Using an unusual global tax structure, Apple Inc has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure co

Apple has shielded billions in cash from federal taxes in overseas accounts, drawing Senate scrutiny.    

Apple's Tim Cook will face Senate questions on Tuesday over the company's global tax strategies. Meanwhile, Apple urged Congress to reduce the tax on bringing back cash earned overseas, according to testimony it submitted to Congress.

Apple Chief Executive Officer Tim Cook is set to testify before Congress Tuesday on how his company manages its books.

Just one day before Apple's CEO Tim Cook is expected to argue for corporate tax reform on Capitol Hill, a new report claims that the...

Apple CEO is testifying before Congress tomorrow about its offshore cash, and its tax practices. Here's what he's going to say, via Mac Rumors. We're reading it now, and we'll peel out the most interesting bits... Apple Testimony Please follow SAI o

LONDON, May 20 (Reuters) - British Prime Minister DavidCameron on Monday told Google's Executive Chairman Eric Schmidtand other business leaders that he expected their companies topay their taxes in exchange for benefiting from low tax rates.

LONDON, May 20 (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.

May 20 (Reuters) - Generic drugmaker Actavis Inc, itself a recent takeover target, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock to expand its branded drug portfolio, lower taxes and increase

LONDON (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.

LONDON (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.

LONDON, May 20 (Reuters) - British Prime Minister DavidCameron on Monday told Google's Executive Chairman Eric Schmidtand other business leaders that he expected their companies topay their taxes in exchange for benefiting from low tax rates.

LONDON, May 20 (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.

LONDON, May 20 (Reuters) - British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their U.S. profits abroad as they can, while telling Washington that lower corporate taxes are necessary in order to keep the U.S. "co

Senate investigators say Apple uses Irish subsidiaries to avoid paying U.S. taxes.

As most of us know, sales taxes are "regressive." That is, when sales taxes are "passed on," they fall harder on poorer customers than on richer ones.

The plan includes limiting the deductions and exclusions high-income families can claim, increasing taxes on tobacco products and adopting a new minimum tax on income over $1 million.    

Plus, Apple CEO Tim Cook will make the case for lower corporate taxes next week.

Michael F. CannonHospitals across the nation are threatening that unless state lawmakers implement the Patient Protection and Affordable Care Act’s — Obamacare — Medicaid expansion, the law’s new taxes and spending cuts will l

When discussing investment returns, Evercore Wealth Management factors in fees, taxes and inflation — and loses some potential clients in the process.    

Raising taxes in a weak economy is probably not the best move. But American consumption is not likely to collapse.

BERNE (Reuters) - Switzerland outlined plans on Friday to reform the way it taxes companies as it seeks to counter criticism from Brussels while trying to remain attractive to the many multinationals based in the country.

NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc .

Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Incto Wal-Mart Stores Inc .

NEW YORK/CHICAGO, May 16 (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc.

Apple CEO Tim Cook is doing a round of interviews with political reporters as a preemptive maneuver before Congress questions him over Apple's taxes. Next week, Cook will be in D.C. to talk about Apple's overseas profits and taxes. Politico spoke wit

U.S. consumer prices fell again in April, led by a retreat in gasoline prices, offering some support to households grappling with government spending cuts, higher taxes and, according to unemployment data, a spike in jobless claims.

LOS ANGELES – In California, Asian and Hispanic immigrants pay nearly $30 billion in federal taxes, $5.2 billion in state income taxes, and $4.6 billion...

As Europe's economic troubles continue, some eastern European countries are reconsidering their flat taxes -- for good reason

Next week we'll find out what a Senate probe of Apple's offshore holdings has uncovered.