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Rand Paul Goes Nuclear on "Spectacle" Hearing on Apple's Taxes

FranksNBeans Wrote: May 21, 2013 1:49 PM
I would be curious to know how many of these senators that are questioning the Apple, Inc. CEO have recieved campaign dollars from Apple executives.
Corbett_ Wrote: May 21, 2013 2:50 PM
Probably not many. Apple buys presidents -- not congressmen and senators...

A bipartisan Congressional panel yesterday released its findings regarding Apple's international tax regime and, specifically, how it was able to pay a relatively low tax rate when the U.S. corporate statutory tax rate is 35% (the highest in the developed world). The investigation turned up no wrongdoing, and that Apple follows the letter of the law and pays every dime of its legally-required taxes.

Nonetheless, Congress summoned Apple CEO Tim Cook in front of the Senate Permanent Subcommittee on Investigations to testify on Apple's tax compliance. The Congressional report found that, had Apple not shifted...