Apple to face tax grilling - Telegraph: "The complex tax planning, commonplace in large companies, has allowed Apple to avoid criticism levelled at Google and Amazon over their tax affairs. Mr Cook has insisted Apple does not funnel profits abroad.
The iPhone-maker has $102.3billion in cash outside the US. To pay a dividend, Apple is borrowing $17billion at home rather than risk huge tax bills, which could be up to $9billion, by bringing its foreign money into the USA."
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