avoids taxes with ‘complex web’ of offshore entities, Senate inquiry finds
– The Washington Post
This week, Apple surfaced in tax news for its practice of
avoiding taxes through loopholes in the tax code.
CEO Tim Cook, Lawmakers Square Off Over Taxes – WSJ
Apple’s tax strategies came under harsh scrutiny Tuesday in
the Senate, where lawmakers are finding it far easier to call for a simpler tax
code than to produce one.
Taxes Expose the Rotten U.S. Code – Bloomberg
Apple has opened a new front in the battle between
corporations that aggressively avoid U.S. taxes and lawmakers who want to
collect more of them. In so doing, Apple has made the case for why Congress
must update the tax code.
J. Blige Hit With $3.4 Million Tax lien –Huffington Post
Hot topic this week:
Reports about another award-winning star owing millions in back taxes
has surfaced. This time, Mary J. Blige
allegedly failed to pay $3.4 Million in income taxes over three years,
Grows Over Big Tech Taxes – InformationWeek
Lawmakers grille Google execs over taxes on profits.