Senators Grill Apple Executives About Tax Strategy

, The National Law Journal

   | 3 Comments

A day after a congressional panel claimed that Apple Inc. uses offshore entities to avoid U.S. taxes, senators on Tuesday grilled the company's chief executive officer and two colleagues about their tax strategy.

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What's being said

  • Darren McKinney

    Sen. Levin's planned retirement promises marginally more credible Senate proceedings in the future. Meanwhile, he had a hand in making the tax code as complex, contradictory and inefficiently burdensome as it is; more recently he was among those who called on the IRS to discriminate against would-be nonprofits with which he disagreed; and now he has the redistributionist stones to chide America's biggest taxpayer and private-sector success for not yielding up even more of its cash to be squandered by nanny state bureaucrats. And some wonder why Congress is held in such contempt by the American people.

  • Mike Peterson

    I thought there was a seeming discrepancy between what was reported of the main 'scandalous' finding in the sub-committee investigation report - that the Irish AOI entity paid no taxes on US$30B in profits - and Cook's repeated claim that the income from AOI's investment activities was fully taxed in the US. I haven't seen that addressed in any of the reporting subsequent to the hearing.

  • Ken Perkins

    Apparently, Apple has not committed any criminal offense. What it does is OK under the freakish tax code enacted and kept alive by our brain-dead legislators.

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