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Apple denies tax 'gimmicks' as criticism mounts

Tuesday, May 21, 2013

Apple denies tax 'gimmicks' as criticism mounts (via AFP)

Apple chief executive Tim Cook denied Tuesday using "gimmicks" to dodge corporate taxes as the tech giant came under attack from US lawmakers for using "sham" subsidiaries and "convoluted" strategies to shift profits offshore. Cook told a congressional panel he was "proud of our contributions to the…


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