Apple dodged paying billions in taxes, subcommittee says
Apple CEO Tim Cook.
(Credit:
James Martin/CNET)
On the eve of Apple CEO Tim Cook’s hearing in front of the Senate’s Permanent Subcommittee on Investigations, the subcommittee released a report Monday detailing how it believes the tech giant has avoided paying its fair share of U.S. taxes. “Apple is an American success story,” the report reads. “Today, Apple Inc. maintains more than $102 billion in offshore cash, cash equivalents and marketable securities (cash). Apple executives told the Subcommittee that the company has no intention of returning those funds to the United States unless…
The rest is here: Apple dodged paying billions in taxes, subcommittee says
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