Apple Avoided Billions in Taxes

SNEAKS

Updated Apr. 21, 2017 10:37AM EDT / Published May 21, 2013 9:25AM EDT

It really was too good to be true. A Senate investigation unveiled Monday showed that between 2009 and 2012, Apple sheltered over $74 billion in profits from U.S. tax collectors by creating subsidiaries in Ireland. The investigation revealed that on $30 billion of that amount, Apple paid no taxes, and on $22 billion it paid a rate of 0.05 percent (compared to U.S. rate of 35 percent). Apple CEO Tim Cook as well as other executives will testify Tuesday morning before the Senate, and argue that Apple is not breaking any tax laws, and that the money saved goes to research and development.

Read it at The Washington Post

Trump’s Sons Don’t Want ‘John Boltons’ in Next Admin: Report

Don Jr. and Eric Trump have reportedly taken the reins on assembling their father’s potential White House transition team.

Billie Eilish on Masturbation: ‘People Should Be Jerking It’

“Last year, I realized I wanted my face in a vagina,” Eilish told Rolling Stone in a new interview.

TikTok Investor Accused of Funding ‘OG Conspiracy Theorists’

Jeff Yass has reportedly contributed a total of $16 million to such groups in recent years.

NPR’s New CEO Strikes Back at Her ‘Bad Faith’ Detractors

Critics have resurfaced Katherine Maher’s past comments and questioned her objectivity.

Kanye West Wants to Open a Porn Studio: Report

A rep for the embattled artist told TMZ that he’s in “advanced talks” to set up the project as part of his Yeezy company.

Several Crew Injured in Crash on Set of Eddie Murphy Film

Eddie Murphy and the film’s other stars, Keke Palmer and Pete Davidson, weren’t on the set at the time.

‘Giant’ Coyote Spotted Prowling Central Park Spooks Joggers

Brett Cohn said the animal stopped him “in his tracks” on Saturday morning.

TikTok Star Eva Evans’ Cause of Death Revealed

The 29-year-old’s death shocked friends and family, as well as her more than 300,000 followers.

Apple Avoided Billions in Taxes