Apple avoided paying billions in tax says US report

Senate sub-committee accuses tech giant of seeking 'the Holy Grail of tax avoidance'

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(Image credit: Getty Images)

APPLE is avoiding billions of dollars in taxes through a "complex web of offshore entities", according to a report by a US Senate sub-committee.

The Senate's permanent sub-committee on investigations said Apple had "sought the Holy Grail of tax avoidance", labelling the tech giant one of America’s biggest tax avoiders, The Times notes.

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