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Apple Tax Strategy Spurs Calls for U S Tax Reform
Apple CEO Tim Cook faced a Senate grilling over offshore Ireland subsidiaries used to shift profits and avoid taxes. The hearing highlighted a bipartisan push to close loopholes and overhaul the tax code, with lawmakers citing Apple’s $102 billion overseas stash and billions in potential U.S. tax impact.
MENTIONED IN THIS ARTICLE
Marcy Gordon
AP Business Writers
Washington
Apple Inc
U.S
Congress
Senate Permanent Subcommittee On
Apple
Tim Cook
Cook
John McCainle
Inington
America
McCain
Subcommittee
United
Sen
Carl Levin
D-Mich
Claire McCaskill
Dmo
Levin
Ireland
Cork
Enda Kenny
Dublin
Kenny
Exxon Mobil Corp