Monday, August 1, 2016

Stiglitz:Apple's Tax Strategy Is A 'Fraud'

Bloomberg, Stiglitz Calls Apple’s Profit Reporting in Ireland ‘a Fraud’: Nobel economist Joseph Stiglitz said U.S. tax law that allows Apple Inc. to hold a large amount of cash abroad is “obviously deficient” and called the company’s attribution of significant earnings to a comparatively small overseas unit a “fraud.” “Our…

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