WASHINGTON — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world's most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that earned $22 billion in 2011
Through The Loopholes: Investigation Finds Apple Dodging Taxes On Unprecedented Scale
The company’s tactics raise questions about loopholes in the U.S. tax code, lawmakers say.