Apple (AAPL), like every other company in America, from Amazon (AMZN) to Google (GOOG), uses every loophole it can find -- and at least one it apparently invented -- to avoid paying a penny more than it has to in corporate taxes.
According to a front-page story in Sunday's New York Times, this includes:
- Managing its investments through an office in Reno, Nevada, to get around California's 8.84% corporate tax rate.
- Funneling iTunes sales in Europe, Africa and the Middle East through an office in Luxembourg to take advantage of the grand duchy's lower tax rates.
'via Blog this'
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