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Apple to bring profits back: what's the tax bill?

Sep 1, 2016
The corporate tax rate is 35 percent - but some doubt Apple will pay that.
EU Competition Commissioner Margrethe Vestager talks as she gives a press conference to order Apple to pay 13 billion euros in back taxes, in Brussels on August 30, 2016. The European Union on August 30, 2016, ordered Apple to pay a record 13 billion euros in back taxes in Ireland, saying deals allowing the US tech giant to pay almost no tax were illegal. 

 
JOHN THYS/AFP/Getty Images

EU orders Apple to pay billions of dollars in back taxes

Aug 30, 2016
Apple got a massive bill for back taxes on Tuesday. The European Commission ordered the tech giant to pay back over $14 billion to Ireland, where Apple has its European headquarters. Apple, and the U.S. government, reacted angrily to the demand. The U.S. Department of Treasury has already accused EU officials of unfairly targeting large […]
People walk past a computer shop selling Apple products in Cork city centre, southern Ireland.
PAUL FAITH/AFP/Getty Images

Pfizer and Allergan agree to $160 billion "inversion"

Nov 23, 2015
The deal would create the largest pharmaceutical company in the world.

The budget as a starting point for tax reform

Feb 2, 2015
It will be months before we get detailed plans for tax reform from either party.

The U.S. Treasury takes steps to stop tax inversions

Sep 23, 2014
The new rules eliminates some of the financial benefits of heading overseas.
An illuminated Burger King sign is seen on August 25, 2014 in Washington, DC.
MANDEL NGAN/AFP/Getty Images

Caterpillar and crazy tax avoidance contortions

Mar 21, 2014
Caterpillar is the latest company to come under the scrutiny of the Levin committee looking at tax avoidance by multinationals.

Welcome to the tax shelter island known as ... Manhattan

May 22, 2013
Not all of Apple's untaxable billions are overseas. Some are held right here in the U.S., protected because the accounts are foreign owned. Welcome to the tax-shelter island otherwise known as Manhattan.
The skyline rises over Lower Manhattan September 11, 2012 in New York City.
Spencer Platt/Getty Images

For public good, not for profit.

Senator Carl Levin and Tim Cook clash in tax haven hearing

May 21, 2013
Senator Carl Levin says big companies are abusing tax loopholes. Apple's Tim Cook says they uphold the spirit of the law.

How much would Apple's overseas cash help the U.S. economy?

May 21, 2013
Apple’s $100 billion in overseas cash is just part of the nearly $2 trillion in U.S. corporate funds that are beyond the reach of the IRS. What difference could that money make if it was brought home?

Lobbyists gearing up for fight over tax breaks

Mar 26, 2013
As Washington eyes deficit reduction, cherished tax breaks are in the crosshairs.