Apple Hits Shuffle to Sidestep Corporate Taxes

April 30 (Bloomberg) -- Bloomberg's Sheila Dharmarajan reports that Apple Inc. uses offices in states other than California, where it’s headquartered, and countries outside the U.S. to help minimize its overall tax burden, the New York Times reported. The company has an office in Nevada, where the tax rate is zero, to collect and invest its profits and avoid paying California’s 8.84 percent corporate tax rate on some of its gains. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)