WASHINGTON (AP) — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.

The world’s most valuable company is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that earned $22 billion in 2011 paid only $10 million in taxes, according to the report issued Monday by the Senate Permanent Subcommittee on Investigations.

Recommended Stories

Out of arguments, el Sayed resorts to crying ‘Islamophobia’

Daily on Energy: Helium industry gets a boost from DOE

Zelensky: US, Ukraine, and Russia will hold trilateral talks in early November but it ‘all depends on the Russians’