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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (762479)	1/9/2014 12:11:01 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 1573930

You only borrow money to pay dividends if you can find a way to make it profitable. Otherwise, you'd pay the dividends from your piggy bank. When it comes to international tax avoidance, Apple may be the champ. Ireland has bowed to international pressure and said it would close a legal loophole that enabled Apple to save tax on $44bn of offshore income in the country’s first major step against tax avoidance. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/8a4eb77c-35ba-11e3-b539-00144feab7de.html#ixzz2psJERfWC His move came after Dublin was singled out by a US Senate committee this year for acting as a conduit for Apple’s earnings so that it could sidestep large tax payments around the world. The report claimed that Dublin allowed Apple to apply a corporation tax of 2 per cent or less, well short of the usual 12.5 per cent rate. ft.com Despite making millions in profit in Britain, Apple paid no corporate taxes to the U.K. last year, according to company filings cited by various news outlets. huffingtonpost.com