Apple Inc Tax Scandals. Won't see this on CPF. :>

[bannination]

http://arstechnica.com/apple/2013/05/ti ... back-home/

There's a disconnect between how Apple CEO Tim Cook sees his company's tax strategies and how some members of the US Senate see it. That became clearer than ever today after Cook and two other Apple executives testified before Congress, explaining why they're holding most of their international income in Irish subsidiaries like Apple Operations International (AOI), which declare no tax residency anywhere in the world.

AOI hasn't filed a tax return anywhere in the world for the last five years, yet it earned $30 billion in income from 2009 to 2012, according to a Senate report released yesterday.