Sunday May 20 02:22 am

Apple Dodged $2.4 Billion In Taxes Last Year

Via ThinkProgress "What Apple hasn't told Americans, though, is that an intricate financial set up utilizing low-tax states in the U.S. and offshore tax havens has allowed it to skirt billions of dollars in American taxes over the last decade. By setting up financial offices in states like Nevada — which has no income tax — and routing other profits through Ireland, Luxembourg, and nations in the Caribbean, Apple avoided an estimated $2.4 billion in American taxes in 2011 alone...".* The Young Turks host Cenk Uygur breaks it down. Subscribe to The Young Turks http //bit.ly/eWuu5i Find out how to watch The Young Turks on Current by clicking here http //www.current.com/gettyt The Largest Online New Show in the World. Facebook http //www.facebook.com/tytnation Twitter http //twitter.com/theyoungturks
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