After a Tax Crackdown, Apple Found a New Shelter for Its Profits - The New York Times


21 bookmarks. First posted by joha04 17 days ago.


The tech giant has found a tax haven in the island of Jersey, leaving billions
of dollars untouched by the United States, leaked documents reveal.
Tim Cook was angry.
It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee. After a lengthy inquiry, the committee found that the company had avoided tens of billions of dollars in taxes by shifting profits into Irish subsidiaries that the panel’s chairman called “ghost companies.”
“We pay all the taxes we owe, every single dollar,” Mr. Cook declared at the hearing. “We don’t depend on tax gimmicks,” he went on. “We don’t stash money on some Caribbean island.”
True enough. The island Apple would soon rely on was in the English Channel.
apple  taxes  paradise_papers 
15 days ago by rgl7194
“We don’t stash money on some Caribbean island,” said Tim Cook… okay, Channel Islands instead, then
from twitter_favs
16 days ago by colinyoung
Tim Cook was angry. It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee . After a…
from instapaper
16 days ago by powerpage
Tim Cook was angry. It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee . After a…
from instapaper
16 days ago by AramZS
Tim Cook was angry. It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee. via Pocket
IFTTT  Pocket 
16 days ago by domingogallardo
Die New York Times über Apples Steuersystem im Licht der Paradise Papers
ska 
16 days ago by clabeck
And people wonder why globalisation is getting such a bad rap...
from twitter_favs
16 days ago by ricmac
Tim Cook was angry. It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee. via Pocket
IFTTT  Pocket 
16 days ago by schmitz
Tim Cook was angry. It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee . After a…
from instapaper
17 days ago by richirvine
RT : After a Tax Crackdown, Found a New Shelter for Its Profits
from twitter
17 days ago by gregbrown
Fantastic that the Times is quoting us in all the stories - amazing job by our investigative team!!
ParadisePapers  from twitter_favs
17 days ago by joha04