The previously undisclosed story of Apple’s search for a new island tax haven and its use of Jersey is among the findings emerging from a cache of secret corporate records from Appleby, a Bermuda-based law firm that caters to businesses and the wealthy elite.
“U.S. multinational firms are the global grandmasters of tax avoidance schemes that deplete not just U.S. tax collection but the tax collection of most every large economy in the world,” said Edward D. Kleinbard, a former corporate tax adviser to such companies who is now a law professor at the University of Southern California.
U.S. Companies Hold Trillions of Dollars of Profits Offshore
The top 20 S&P 500 companies by earnings parked overseas.
No comments:
Post a Comment