Apple uses overseas affiliates to dodge U.S. taxes
Senate investigators say Apple holds about 102 billion of its 145 billion cash outside the United States. An Irish unit paid 10 million in 2011 on 22 billion of earnings, a tactic the panel says is legal yet raises questions about tax loopholes. The report cites similar moves by Microsoft and HP and estimates Apple avoided 3.5 to 9 billion in federal taxes in recent years. The company defends its practices and backs tax reform.
MENTIONED IN THIS ARTICLE
Washington
Apple Inc
United States
U.S
Senate
Apple
Microsoft
Puerto Rico
Ireland
Singapore
Cupertino
Calif
Small-company stocks shine as market opens cautiously
The Russell 2000 rose above 1,000 for the first time this week, signaling broad rally momentum as major indices wavered. Sunpower and Keryx led gains in the index while Dow, S&P 500 and Nasdaq closed lower. Investors await Fed chair Bernanke’s congressional appearance and minutes release for clues on policy.
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New York
Wall Street
Standard & Poor
Cabot Money Management
IBM
Coca-Cola
Lutts
U.S
Sunpower Corp
Keryx Biopharmaceuticals
Dow
Federal Reserve
Fed
Ben Bernanke
Congress
Central Bank
Public pension conference attendance falls in Hawaii
Organizers say about 650 attendees will join the National Conference on Public Employee Retirement Systems in Honolulu down from about 1,000 last year in New York. Critics note unfunded liabilities and headline risk as administrators skip the trip.
MENTIONED IN THIS ARTICLE
Honolulu
U.S
Canada
Hawaii
New York
Hank Kim
Kim
Hilton Hawaiian Village
Waikiki
United States
Los Angeles
Neil Abercrombie
Abercrombie
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Charles Boeddinghaus
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Kevyn Orr
Chicago
Chicago Board of Trade
Aie
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Agrid
York Mercantile Exchange
Jad
Visco
RiteAud
Ao NwGold
WarmerCh
Mitvgold
AlidNerve
Facebook
Acquity Meadeins
der Ag
GidBr
KenoPort
Aspechilt
Advancro
Ana
Dee
Dow Jones Industrials
Dow Jones Transportation
Dow Jones
S&p
Wilshire
Russel
Merck
OneokPtrs
PNM Res
PepsiCo
Coca Colas
Pfizer
Philipssé Ecg
Swsthir Ter
EngyTstr
Texingt
TimeWarn
Thconti
VerizonCm
WalMart
WashFed
WelsFargo
Johan
Xoel Engy
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