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Senate report: Apple claims subsidiaries to avoid paying billions in taxes each year

2013-05-21 12:51:08| InfoWorld: Top News

Apple has set up three foreign subsidiaries that the company claims are not resident in any nation for taxing purposes, in an effort to avoid paying tens of billions of dollars in taxes to the U.S. and other countries, according to a new report from a U.S. Senate subcommittee. Apple has set up a "complex web" of offshore entities to avoid paying taxes, with some subsidiaries set up in low-tax Ireland, according to a report released Monday by the investigations subcommittee of the Senate Homeland Security and Governmental Affairs Committee.

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Apple dodged paying billions in taxes, subcommittee says

2013-05-21 01:21:01| CNET News.com

A senate panel releases a lengthy report detailing how the tech company has used offshore corporate structures to avoid paying billions of dollars in U.S. taxes. [Read more]    

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Who's Paying the Price for Global Warming?

2013-05-19 17:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Scientific American: Climate change is already melting the Arctic, queering weather and threatening food supplies. So who's paying the price for all these global warming impacts? It might seem like insurers are most at risk. Indeed, insurers did pay out some $33 billion in climate-related damages last year in the U.S. alone. But it turns out that bearing the brunt of climate change costs is you, the taxpayer. A new analysis by the Natural Resources Defense Council, the NRDC, finds that the federal government spent...

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Ask Matt: Is Whirlpool's restructuring paying off?

2013-05-10 08:05:13| Appliances - Topix.net

Q: Is Whirlpool's restructuring paying off? A: Since the economy and housing market hit the wall in 2008, Whirlpool realized the world has changed and that it needed to, too.

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Some Verizon investors OK with paying premium for Vodafone stake

2013-05-06 11:09:18| Telecom - Topix.net

Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture.

Tags: premium paying investors vodafone

 

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