Apple case highlights huge untaxed profits of corporate giants

Apple case highlights huge untaxed profits of corporate giants Washington (AFP) Sept 1, 2016 - The huge back-tax bill European authorities slapped on Apple has put a spotlight on $2.4 trillion in untaxed earnings parked offshore by US companies, a tempting target for governments seeking to strengthen their finances. While Washington lays claim to rights to tax the money, critics say it represents profits transferred out of other countries' jurisdictions by accounting tricks. They ... more

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