Apple's Tim Cook Avoids Millions in Federal and California Taxes

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Submission + - Apple's Tim Cook Avoids Millions in Federal and California Taxes

Submitted by Nom du Keyboard on Saturday May 26, 2012 @04:05AM

Nom du Keyboard writes: Apple CEO Tim Cook has avoided paying taxes on $75 million in Apple dividends by asking the Apple board to have him not participate in dividend equivalents. Tim may not need the money, but the California and Federal treasuries could have sure used the extra cash. Is this fair of him to do, or is Apple still holding on to money this way that isn't properly taxed?

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