How Apple, Other Tech Companies Take Advantage of Tax Code

Aired: 4/30/2012 | 0:08:34 | Clip
Apple paid a collective tax rate of 9.8 percent around the globe in 2011 while Wal-Mart paid 24 percent, according to a recent New York Times investigation. Jeffrey Brown, the Times' Charles Duhigg and economist Martin Sullivan discuss how Apple uses offices in Nevada and elsewhere to minimize its taxes and maximize profits.