Posted Nov. 5, 2012 at 6:56 a.m.

Premium Lock Apple reports paying 1.9% in taxes on earnings outside U.S.

Published: 2012-11-05 06:56:00
Updated: 2012-11-05 06:56:00

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Apple may pay some income taxes on its profit to the country in which it sells its products, but it minimizes them by using various accounting moves to shift profits to countries with low tax rates. For example the strategy known as "Double Irish With a Dutch Sandwich," routes profits through Irish and Dutch subsidiaries and then to the Caribbean....

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