Monday, 7 January 2013

Look into tech companies' tax safe havens draws to close


Major tech companies, including Apple and Google, have been the subject of a year-long investigation by a Senate subcommittee into their tax-savings practices, according to a new report.
The Senate Permanent Subcommittee on Investigations, which is spearheaded by Sen. Carl Levin (D-Mich.), has been conducting inquiries into Apple, Google, Microsoft, and Hewlett-Packard, among others, to determine how the companies limit their U.S. taxes, The New York Times reported yesterday, citing people who have knowledge of those proceedings.
According to the Times' sources, the subcommittee's investigation is coming to a close and it will deliver recommendations on handling corporate

No comments:

Post a Comment