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Apple Dodged $2.4 Billion In Taxes Last Year

submitted by Boise_Lib

1 decade 2 years 6 months ago

YouTube Description:

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.