Tag Archive: Apple Reportedly Avoids $59 Billion in Taxes

Apple Reportedly Avoids $59 Billion in Taxes

Apple Reportedly Avoids $59 Billion in Taxes by Ferenstein Wire (Ferenstein Wire) – Big tech companies are safeguarding billions of dollars in offshore tax havens, according to a new study. Apple alone, the biggest offender, is stashing $181 billion in revenue with an estimated tax burden of $59.2 billion. In other words, Apple’s taxes could pay for nearly the entirety of President Obama’s plan for free two-year community college (an estimated $60 billion). The study, conducted by Citizens for Tax Justice and the U.S. Public Interest Research Group Education Fund, looked at public financial filings and found that “nearly 72 percent of… View Article