Apple has been accused of being among American's largest tax avoiders. Apples is accused because had used a complex web of offshore entities to avoid paying billions of dollars in US income taxes. The US Senate had said that Apple paid little or nothing on billions of dollars in profits placed in Irlish subsidaries.
Apple chief, Tim Cook will go before the panel of sudgest on Tuesday. In preparing testimony Apple said it didn't use tax gimmicks and the US Senate said there was no indication the firm acted illegally.
As far as I'm concerned that if Apple has acted in lucrative form they will repay all the money that have been saved avoiding payment of taxes in US. I hope all that will be a misunderstanding, because if this is true Apple could be affected. I think that they can lose a lot of buyers and inverstors.
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