Search

The article discusses the implications of technology company Apple's decision to borrow money through corporate bonds in order to issue shareholder payouts, highlighting Apple and other corporations strategies to avoid paying taxes. Topics addressed include corporate tax policies in Great Britain and the U.S., companies' pursuit of offshore investment in order to avoid paying taxes on profits in the United States, and possible policies to encourage companies to pay taxes in the U.S.

The Bank of England and the European Central Bank both cut key interest rates by half a percentage point on Thursday, pushing the rates to their lowest levels ever. At the same time, the British central bank took an unprecedented step intended to pump cash into the economy by buying government and corporate bonds. [ABSTRACT FROM PUBLISHER]