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Paradise Papers spotlight Apple tax strategies amid GOP push to cut corporate rates [Los Angeles Times (CA)]

APPLE (AAPL)  More Company Research Source: Los Angeles Times
Last apple earnings: 5/1 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
PDF Paradise Papers spotlight Apple tax strategies amid GOP push to cut corporate rates For years, Apple and other multinational firms have faced inquiries from government authorities about tactics they employed to lower their tax bills. Now, new published reports show just how some of these global corporations tapped elite tax specialists to devise clever strategies, including island havens and secretive shell companies, to avoid paying billions of dollars into government coffers. The disclosures contained in the so-called Paradise Papers — documents and corporate records primarily from Bermuda-based law firm Appleby — immediately added fuel to the debate over the GOP ’s tax proposal released last week, which includes slashing the corporate tax rate to 20% from 35%. “We are all bearing witness to the consequences of Congress’ failure to address offshore tax haven abuse,” said Gawain Kripke, policy director for Oxfam America. “Yet congressional leaders are charging forward with a ta [Read more]

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