The memorandum from Senators Carl Levin and John McCain to the Permanent Subcommittee on Investigations discusses Apple's use of offshore structures to shift profits and avoid U.S. taxes. It highlights Apple's use of Irish subsidiaries with no declared tax residency, cost-sharing agreements, and U.S. tax loopholes like the check-the-box rules to minimize tax liabilities. The document outlines findings and recommendations to address these tax avoidance strategies.
documents/EFTA01075338.pdf
{}