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USA: Senators accuse Apple of "highly questionable" billion-dollar tax avoidance scheme - includes company comments

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Article
21 May 2013

Apple chief calls on US government to slash US corporate tax

Author: Dan Roberts & Dominic Rushe, Guardian (UK)

Apple has called for US corporate tax rates to be slashed after it admitted sheltering at least $30bn (£20bn) of international profits in Irish subsidiaries that pay no tax at all. In a dramatic display of how threats from multinational corporations are driving down taxes across the world, chief executive Tim Cook warned Congress that he would refuse to repatriate a total of $100bn stashed offshore unless it acted to slash the 35% US rate...He also revealed that Apple had struck a secret deal with the Irish government in 1980 to limit its domestic taxes there to 2%...An independent tax professor, Richard Harvey, testified that its tax avoidance was "probably legal" and could have been much more aggressive.

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Article
24 January 2013

Tax avoidance - an introduction

Author: compiled by Business & Human Rights Resource Centre

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