Paradise Papers: details of Apple's tax arrangements revealed in leaked documents

The Paradise Papers -- a massive cache of documents leaked to newspapers and journalists -- reveal the tax avoidance strategies used by millionaires, billionaires and businesses around the world. The leaks comprise over 13 million documents, and it shows the financial structure and offshore accounts for many big-name companies. Included in the list is Apple -- a company already known to have taken advantage of the "double Irish" tax loophole in Ireland to massively reduce its tax bill. The Paradise Papers show that Apple made use of another tax haven after it faced criticism for its exploitation of Irish taxes… [Continue Reading]