Apple's Tax Bill

by Michael Sean Winters

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An editorial in the Washington Post this morning hits the nail on the head. Apple did not apparently break the law by diverting $30 billion in profits to Ireland where the company paid no taxes on that profit. The problem is not with Apple, but with a byzantine tax code that makes such tax avoidance schemes possible. It is time for Congress and the administration to get busy with a real overhaul of the tax code.

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