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MAY 21, 2013 - American Spectator

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Apple CEO Faces Down Senators’ Tax Scrutiny, Calls for Reform

Apple CEO Tim Cook faced scrutiny of his firm’s tax avoidance practices in a Senate hearing Tuesday, but found a champion in Kentucky Republican Rand Paul, who had apologized to Cook for the inquiry earlier in the day. “We are proud to be an American company and equally proud of our contributions to the U.S. economy,” Cook said. “We pay all the taxes we owe — every dollar.” The stage was set for a dramatic showdown by the release of a special report yesterday that found Apple avoiding billions in taxes by shifting income offshore. Chairman Carl Levin (D-Mich.) took a strong ... Read More

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