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 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...
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...