WASHINGTON: Apple avoided paying taxes on tens of billions of dollars in profits through a complex network of subsidiaries, many with “no declared tax jurisdiction,” a US Senate panel has concluded.
The Senate investigation, set to be discussed at a hearing Tuesday, stopped short of accusing the US tech giant of anything illegal but two lawmakers on the panel said the tax strategies call for new scrutiny.
“Apple wasn't satisfied with shifting its profits to a low-tax offshore tax
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