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Apple to IRS: Bite Me


Flight Director
Flight Instructor
LPH submitted a new blog post:

Apple to IRS: Bite Me

In 2007 Edward Kleinbard coined the "stateless income" phrase to describe a tax loop hole used by large multinational corporations. Select funds without residence are not taxed by any country. This $1.5 trillion dollar tax loop hole came to light in May of this year.

According to Reuters, the U.S. Internal Revenue Service is pursuing tax enforcement cases against companies over the issue of "stateless...
Continue reading the Original Blog Post


Dogs Times Writer
$1.5 trillion is a whole lot of dog food. Would we have to raise the debt ceiling if this money was collected?