Links: 2013-05-23

Apple Tax Rate Ignores Profit Shifting Offshore - Bloomberg
"By shifting income from countries where they operate to offshore tax havens, multinational companies such as Apple, maker of the iPhone and iPad, can manipulate their tax rates and boost their profit.Apple’s calculation “ignores the issue of profit shifting, which is the central controversy that was the subject of the hearing,” said Martin Sullivan, a former U.S. Treasury Department economist and chief economist at Tax Analysts, a nonprofit organization. “Apple has shifted enormous amounts of profits from the United States to an untaxed entity overseas. That’s the issue.”"
BBC News - Why we do not feel richer despite buoyant stock markets
"Despite the economic gloom the financial markets are up, and not just a little. The Financi...


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