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Unless the U.S. Congress acts, most Americans will pay more taxes next year to a federal government forced to slash domestic and national defense spending. S...
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Apple, U.S. Congress spar over taxes ahead of Tuesday hearing

May 21, 2013    

WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc (AAPL.O) has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday.In a 40-page memorandum released a day before Apple CEO Tim Cook is scheduled to testify before Congress, the Senate's ...

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