October 5, 2016

IOL: Apple named biggest tax avoider in US

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“It also revealed that in 2015 three quarters of the Fortune 500 firms – the largest corporations in America – hold £1.9 trillion of income in offshore tax havens. This amounted to £561.9 billion in American tax that they avoided paying. The study, by pressure group Citizens for Tax Justice and the Institute on Taxation and Economic Policy, showed that the top 30 tax avoiders in the US operated 2,509 tax haven subsidiary companies.”

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