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re: Apple CEO and CFO testify in front of Senate Committee on Tax Policy: Excerpts
Posted on 5/21/13 at 11:16 am to TheDiesel
Posted on 5/21/13 at 11:16 am to TheDiesel
I'm not a tax expert, but I'm guessing the major issue is how much control Apple, Inc exerts over their subsidiaries in foreign Countries. Ireland basically said that the Apple subsidiaries are 100% controlled by Apple, Inc and they should be paying US income taxes on the gross profits. I believe that's why the hearings are going on.
1
Posted on 5/21/13 at 11:17 am to TheOcean
quote:
I'm not a tax expert, but I'm guessing the major issue is how much control Apple, Inc exerts over their subsidiaries in foreign Countries. Ireland basically said that the Apple subsidiaries are 100% controlled by Apple, Inc and they should be paying US income taxes on the gross profits. I believe that's why the hearings are going on.
Google....does the same thing.
Cisco....does the same thing.
Pfizer...does the same thing.
Because Ireland has super low corporate taxes.
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