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Apple's $100 billion overseas tax headache

9 updates since May 16, 2013, 12:48 AM UTC
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Apple's strategy of keeping the majority of its income (64 percent in 2011) in subsidiaries located outside of the US, where it pays ultra-low taxes, has drawn criticism and scrutiny from US Senators, who held a hearing in May 2013 to question Tim Cook and other Apple executives about their company's tax practices.