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AUG 13, 2013 - American Spectator

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Three Cheers for Tax Avoidance

IN A HEARING before the Senate’s Permanent Subcommittee on Investigations, Senator Carl Levin, the subcommittee’s chairman, is feeling ashamed. Not of himself, but on behalf of Apple Inc., whose booking of profits in low-tax jurisdictions outside the United States is the subject of debate. “Don’t kid ourselves as to the implications of what this means for America’s revenue,” Levin says. “No company should be able to determine how much it’s gonna pay in taxes, how many profits they’re gonna keep offshore, how they’re gonna bring ‘em back home, using all kinds of gimmicks to avoid paying the ... Read More

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