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Apple CEO makes no apology for company’s tax strategy

By Patrick Temple-West and Kevin Drawbaugh WASHINGTON (Reuters) – Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. The Senate Permanent Subcommittee on Investigations has found that Apple in 2012 alone avoided paying $9 billion in U.S. taxes, using a strategy involving three offshore units with no discernible tax home, or “residence. …


Quoted from Apple CEO makes no apology for company’s tax strategy on Gadgets News Headlines – Yahoo! News

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