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Sunday, January 27, 2013

Apple- a billion a week, most of it evading taxes

Amazon expected to reveal cash pile of up to $9bn after record Christmas | Technology | guardian.co.uk: "In the sights of many MPs are the major US companies that use a complex web of offshore havens to minimise their tax payments. Filings by Apple have revealed it is putting $1bn a week beyond the reach of the UK and US tax authorities. The iPhone maker has amassed $11bn in offshore havens in the last three months of 2012 and shielded $94bn from tax authorities around the world, mostly since 2005 when iPhone sales took off."

'via Blog this'

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