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December 9, 2016 09:53 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/c-v00z_55tc/apples-tax-dodging-offshore.html
Apple's tax-dodging offshore billions are sunk into Treasury Bills that pay out using Americans' taxes
Apple -- which is one of the multinational poster children for tax dodging, along with Google, Amazon, Ikea and others -- has billions of dollars "offshore" and in theory they can't bring that money into the USA without paying tax on it; but thanks to some fancy accounting, much of that money is sunk into US Treasury Bills (floated by the government Apple is starving through tax evasion), and the US taxpayers pay Apple, about $600M so far. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/c-v00z_55tc/apples-tax-dodging-offshore.html
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