corporate taxes

How Americans are Paying Apple Millions to Protect Overseas Profits: Bloomberg

It’s not the first time Apple has been accused of sheltering its overseas profits from taxation, and a new report from Bloomberg posits that Americans are paying the Cupertino-based tech giant millions to “shelter” these overseas profits. “Over the years, Apple Inc. has become the poster child for U.S. multinationals accused of sheltering overseas profits to avoid […]

Apple May Be Able To Retrieve Overseas Cash Under Trump Tax Plan

Apple and many other technology companies could gain from President-elect Donald Trump‘s support of a one-time repatriation of U.S. companies’ corporate profits held overseas, but only if the idea get enacted by a still-Republican-held Congress, according to a report from the Financial Times. Trump has proposed a 10% repatriation tax on profits of US corporate […]

Apple Exec Avoids Jail Time In Italy, Settles Irish Tax Probe

An Irish Apple executive has avoided a jail sentence in Italy after the tech giant agreed to pay a settlement of 45,000 euros for unpaid taxes in the European country. A Milan judge accepted a settlement agreement with Apple Sales International, the company’s Irish-based unit, as part of a probe into the allegations that the […]