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| Levin, the worm in the Apple. |
Good for Apple!
But there is a big bruise on the Apple's side, Jobs, his widow and much of the Apple Company still support the idiocy and phony policies of the left, while avoiding the taxes the left demands... go figure? m/r
Apple CEO: ‘We pay all the taxes we owe’
Betsi Fores 5-21-13
Tim Cook, Apple’s CEO, defended his company’s corporate tax practices Tuesday morning at a Senate subcommittee hearing.
“We pay all the taxes we owe — every single dollar,” Cool said Tuesday on Capitol Hill.
The hearing of the Senate’s Permanent Subcommittee on Investigations was called by Democratic Sen. Carl Levin of Michigan over what he described as the company’s “creative tax gimmickry.”
$9 billion in taxes due three Apple subsidiary companies in Ireland that are required to pay no taxes to any country, despite paying $6 billion in taxes during 2012.
“They’ve created corporations that don’t exist anywhere for tax purposes,” Levin, chairman of the subcommittee, said. “That is right at the epitome of creative tax gimmickry.”
Cook pushed back on Levin’s assessment.
“We not only comply with the laws, but we comply with the spirit of the laws,” he said. “We don’t depend on tax gimmicks.”
Read more: http://dailycaller.com/2013/05/21/apple-ceo-we-pay-all-the-taxes-we-owe/#ixzz2U2xaAAcG

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