Tim Cook tells Congress why Apple won’t move $100 billion back home
Senators ask why Apple moves profits into an Irish company that pays no taxes.
Sen. Rand Paul Is Mostly Right In Defending Apple's Obligation To Minimize Taxes
"It's absurd for Congress to vilify businesses like Apple for wanting to minimize their tax code just like every other American rightly does," tweeted uber-Libertarian Senator Rand Paul, lashing out at his Senate colleagues for 'dragging' Apple CEO Tim Cook in to defend his company's tax policies. On the eve of Cook's much-hyped testimony, a Senate investigation released a scathing report, accusing Apple of cooking the books and engaging in shady tax-dodging practices, to avoid repatriating $102 billion in offshore cash to avoid a 35 percent U.S. tax rate.
Congress finds Apple avoided ‘tens of billions’ in tax
Apple is alleged to have used offshore tax havens to keep huge amounts of money away from clutches of the IRS. The other side of this large coin is that US tax laws are a positive incentive for behaviour of this kind.
US Defense Dept. wants billions shifted to pay for Afghan war
The US Defense Department is forwarding documents to Congress that would let it shift as much as much as $9.6 billion to cover shortfalls that are claimed to be caused by shortfalls in contingency funds for the Afghan campaign.
Apple CEO to testify to Congress on $100 billion cash stash, taxes, jobs
Cook will face senate on Tuesday with "clear recommendations" for tax reform.