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How Apple Sidesteps Billions in Taxes
Apple is on track to bank $45.6 billion in profits this fiscal year, the most of any U.S. company ever. However, in a Sunday cover story, the New York Times takes a closer look at how Apple uses legal loopholes and operates in various tax-free and low-tax locations to avoid paying billions in taxes each year. David Kocieniewski, New York Times Pulitzer-winning journalist, offers more insight on his reporting.
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How Apple Sidesteps Billions in Taxes
Apple is on track to bank $45.6 billion in profits this fiscal year, the most of any U.S. company ever. However, in a Sunday cover story, the New York Times takes a closer look at how Apple uses legal loopholes and operates in various tax-free and low-tax locations to avoid paying billions in taxes each year. David Kocieniewski, New York Times Pulitzer-winning journalist, offers more insight on his reporting.
Date: 4/30/12
Views: 1355
Video by:  CNBC
 
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