Apple 'avoided $1m tax per hour' in US in 2012


A Senate committee has accused Apple of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.

Speaking ahead of testimony from Apple CEO Tim Cook, panel chairman Senator Carl Levin accused the company of avoiding paying $9bn in tax in the US in 2012 alone.

He suggested that this equated to more than $1m per hour in lost tax revenue to the US.

The Senate committee accepts there is no evidence that Apple has acted illegally.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.