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May 22, 2013

Apple's Cook: ‘We pay all taxes we owe'

  • Accounting expert Robert Willens said the way multinationals shift around intellectual property rights has a minor effect compared to avoiding U.S. taxes by not repatriating profits.
    • By MARCY GORDON
    AP Business Writers

    WASHINGTON — The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes.

    Cook said the subsidiaries have nothing to do with reducing its U.S. taxes, a message he struggled to convey to the Senate Permanent Subcommittee on Investigations.


     
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