On Fri, May 3, 2013 at 10:28 AM, Greg Balint <delrazoraelist@gmail.com> wrote:

While shameful.. it's not very surprising, and I figured any super huge company would be doing this..

the gist is..

you owe your higher-ups money... if you pay them out of your own wallet, you get taxed... so instead, you borrow money from a bank, pay them with that, and then pay the bank loan off.. not having to pay taxes on top of that money..  

At least that's how it seems..

Sounds like a legal loop-hole that is pretty basic..

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joe cafe

Friday, May 03, 2013 10:19 AM

I'm liking apple less and less and less.

http://www.nytimes.com/2013/05/03/business/how-apple-and-other-corporations-move-profit-to-avoid-taxes.html?_r=0