bbc.co.uk — Crikey. That was the word that ricocheted around my skull as I read the US congressional report into Apple Inc's tax arrangements. Here are a few choice quotes: "Apple Inc established an offshore subsidiary, Apple Operations International, which from 2009 to 2012 reported net income of $30bn, but declined to declare any tax residence, filed no corporate income tax return and paid no corporate income taxes to any national government for five years."
nytimes.com — As Apple faced criticism in Washington for not paying more in taxes, Ireland defended its low rates that made it easy for multinational corporations to do business there, instead blaming "loopholes" in other European countries for enabling companies like Apple to avoid taxation.
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