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How Apple Sidesteps Billions in Taxes

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Sun, 29 Apr 12 3:03 PM | 248 view(s)
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How Apple Sidesteps Billions in Taxes


David Calvert for The New York Times

Braeburn Capital, an Apple subsidiary in Reno, Nev., manages and invests the company’s cash. Nevada has a corporate tax rate of zero, as opposed to the 8.84 percent levied in California, where Apple has its headquarters.

CHARLES DUHIGG and DAVID KOCIENIEWSKI

Published: April 28, 2012

link-
http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html




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