May 21, 2013   73°F   School Closings
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CEO Cook To Defend Apple Before Senate Committee Hearing

Posted: May 21, 2013

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Apple is paying billions of dollars less than it should in U.S. taxes each year, according to a report by the Senate Permanent Subcommittee on Investigations. The report says Apple avoids billions in tax payments mainly by shifting profits to three subsidiary companies in Ireland.

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