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US raises concern over American firms evading taxes

Last Updated: Wednesday, May 22, 2013, 10:15

Earlier in the day, the Apple CEO Tim Cook denied allegations of tax evasion.

Apple tax evasion: CEO Cook remains unapologetic

Last Updated: Wednesday, May 22, 2013, 09:17

The report found Apple's three subsidiaries had no official tax residence, which made them pay little or no taxes.

Apple used subsidiaries to dodge billions in taxes: US panel

Last Updated: Tuesday, May 21, 2013, 10:33

One of Apple's Irish affiliates reported profits of $30 billion between 2009 and 2012, but since it did not technically belong to any country, it paid no taxes to any govt.