Key Words: Apple’s gimme shelter tax moves go on ‘endlessly,’ says legal expert [MarketWatch]
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Source: MarketWatch
Apple’s gimme shelter tax moves go on ‘endlessly,’ says legal expert The “Paradise Papers” leak has put a spotlight on how the rich use offshore tax havens, with the revelations touching U2 frontman Bono, U.S. Commerce Secretary Wilbur Ross and Queen Elizabeth II. Apple Inc. AAPL, +1.01% has drawn attention following the leak, too. The iPhone maker in recent years has been relying on Jersey — an island in the English Channel that is an offshore financial hub — after Ireland began to change its rules, according to reporting on the “Paradise Papers” from the International Consortium of Investigative Journalists. The University of Michigan Law School’s Reuven Avi-Yonah offered the following assessment on Apple’s approach after reviewing the leaked documents: Avi-Yonah’s comments were featured in an ICIJ report published by The New York Times . He is the director of the international tax program at the Midwestern law school. Apple released a statement criticizing the ICIJ’s reporting ,
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