Updated 22 May, 2013, 7:43 pm IST
Accused of dodging taxes, Apple strikes back with a public statement
| by Naina Khedekar |
Reports about their tax practices have caused the Cupertino-based company to come forth to defend themselves, by issuing a public statement, confirms AppleInsider. The company defends itself by saying that they have created numerous job opportunities, and that their major workforce is in the U.S. The report further stated that the company pays ‘enormous amount’ to governments of various countries. A previous report claimed how Apple sidesteps billions of dollars in taxes. Elaborating further, the report stated that Apple has an office in Reno, which is just 200 miles away from its headquarters, Cupertino, California, to collect and invest its profits. By doing this, the company avoids paying California's 8.84 percent state income tax on gains.
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Tags: Apple taxes , apple reno office , apple cupertino headquarters , apple accused over taxes , apple sidesteps taxes , Apple saves taxes , Apple public statement , apple jobs US , apple employees us ,
22 May, 2013, 07:43 PM
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22 May, 2013, 06:59 PM
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