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Why “foreign” subsidiaries of American companies should pay American income taxes; UF Law professor available for media comment

Why “foreign” subsidiaries of American companies should pay American income taxes; UF Law professor available for media comment

GAINESVILLE, Fla. – The $17 billion bond offering by Apple Inc. April 30 highlighted the ability of U.S. companies to defer paying taxes by keeping their money offshore in so-called “foreign” subsidiaries. Rather than repatriate the $102 billion it holds in its overseas subsidiaries, Apple has taken out loans to pay shareholders part of its […]