The US corporate tax rate is 35 per cent. Google, partially founded with taxpayer money and trading at $US607 a share, pays 2.4 per cent. How is this possible? Through an arsenal of offshore tax tricks with names like the “Dutch Sandwich”.
Foxconn, otherwise known as the company responsible for the iPhone suicide, supposedly just had their CEO fingered by the IRS for tax evasion. Up to $US1.49 billion worth. But it’s not so simple.
