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Apple's policies unlikely to change without tax reform - Financial Times
Wed, 22 May 2013 17:34Carl Levin, the combative chairman of the US Senate committee investigating Apple's corporate tax practices, pushed the company's top executives aggressively right to the end of Tuesday's hearing. But when the camera panned back from its tight focus on ...
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Ed Miliband says Google and Apple as bad as banks - Telegraph.co.uk
Wed, 22 May 2013 12:07Speaking at Google's Big Tent conference in Hertfordshire, Mr Miliband claimed that major businesses with low tax bills - such as Google, Apple, Amazon and Starbucks - shared a culture of irresponsibility with the banks that caused the global financial ...
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Business Daily - Apple's Missing Tax Billions - BBC News
Wed, 22 May 2013 17:05Is Apple just doing what companies are supposed to do - trying its best to maximise profits? Plus, how regulation can get results. As two German clubs go head to head for European football's top title we discover why treating football like a business ...
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Apple disputes claims of tax avoidance - Telegraph.co.uk
Tue, 21 May 2013 21:51... US business in order to skirt the repatriation tax," said Cook. Phillip Bullock, Apple's head of tax operations testified that the company's subsidiary in Ireland, AOI, received $30 billion over the last five years, but was not required to pay ...
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Apple tax and the Irish connection - Senate - BBC News
Tue, 21 May 2013 16:04Apple's tax methods have been unpicked by a US Senate committee that has accused the company of being "among America's largest tax avoiders". Carl Levin, chairman of the Senate Permanent Subcommittee on Investigations, said Apple, making use of ...
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Tim Cook defends Apple tax policy in Senate hearings – as it happened - The Guardian
Tue, 21 May 2013 20:13By the end of the second panel with Apple executives, it looked as though the committee had lost its focus and just wanted to bounce some ideas off of Cook: what would be a good corporate tax rate? What do you think about Simpson-Bowles? What can we ...
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The Irish loophole behind Apple's low tax bill - Reuters UK
Tue, 21 May 2013 22:17LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation has ...
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Apple 'among largest tax avoiders in US' - Senate committee - BBC News
Tue, 21 May 2013 11:03A Senate committee said Apple had used "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes. But it said there was no indication the firm acted illegally. Apple chief Tim Cook will go before the panel on Tuesday.
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Is Apple's tax avoidance rational? - BBC News
Tue, 21 May 2013 08:07"Apple Inc established an offshore subsidiary, Apple Operations International, which from 2009 to 2012 reported net income of $30bn, but declined to declare any tax residence, filed no corporate income tax return and paid no corporate income taxes to ...
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Apple CEO Tim Cook hits back in US tax row - BBC News
Tue, 21 May 2013 16:40CEO Tim Cook has spoken out in defence of Apple, after a Senate committee accused the company of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes. Earlier, panel chairman Senator Carl Levin accused the ...
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Apple 'avoided $1m tax per hour' in US in 2012 - BBC News
Tue, 21 May 2013 15:28A Senate committee has accused Apple of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes. Speaking ahead of testimony from Apple CEO Tim Cook, panel chairman Senator Carl Levin accused the company of ...
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Cook: Apple has 'no current plan' to pull profits out of Ireland - Register
Tue, 21 May 2013 20:09Apple CEO Tim Cook has doubled down on his earlier defense of Cupertino's accounting practices in testimony before a US Senate subcommittee on Tuesday, describing the company as "America's largest corporate income taxpayer." "Apple complies fully ...
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Senators accuse Apple of 'highly questionable' billion-dollar tax avoidance scheme - The Guardian
Tue, 21 May 2013 08:10During its investigations, the subcommittee found that Apple considers three key subsidiaries, all based in Ireland, to have no tax jurisdiction at all. One of those Irish affiliates, Apple Sales International (ASI), reported sales income of $74bn over ...
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Apple blames tax system for keeping its cash offshore - The Times (subscription)
Wed, 22 May 2013 07:14The boss of Apple criticised America's tax system yesterday as he defended the technology giant against claims that it dodged paying billions of dollars in taxes through a complex network of “sham” companies. In a lengthy grilling by US senators, Tim ...
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Ireland: we are 'not to blame' for Apple tax affairs - Telegraph.co.uk
Tue, 21 May 2013 15:19The US Senate Committee unleashed heavy criticism on the California-based company on Monday, branding its complex structure the "Holy Grail of tax avoidance". According to a Committee report, the set-up includes three Irish-based subsidiaries that ...
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