Bad Apple or Good Apple in the Tax Avoidance Bushel?
Carl Levin, the chairman of the Senate Permanent Subcommittee on Investigations, ahead of a high-profile congressional hearing accused Apple of seeking “the Holy Grail of tax avoidance” by creating “offshore entities holding tens of billions of dollars, while claiming to be tax resident nowhere.” Apple, the Cupertino, CA giant. recently “took a bite” out of its corporate tax liabilities and caused a public outcry. But the ethical issues raised by such a move do not begin or end with them alone, observed Crown CEO Chuck Bentley in the Washington Post, in a piece titled “Apple’s tax ethics: Unpatriotic or Shrewdness in Action.”