Congress grills Apple CEO Tim Cook about tax evasion practices

Apple CEO Tim Cook visited the Hill on Tuesday to answer questions regarding accusations his company took advantage of tax loopholes by using a shell company in Ireland to indemnify profits.

Cook defended the practices in front of the U.S. Senate Permanent Subcommittee on Investigations earlier, saying they comply with the law and pay all the taxes the company is due. Rather he blamed what he called an outdated tax code and called for a simplified tax system that lowers rates and provides for a reasonable tax on foreign earnings.

Host Carmen Russell-Sluchansky spoke with Matthew Gardner, of Citizens for Tax Justice and author of the CTJ’s report on the Apple report, and Mihir Desai, professor of finance at Harvard Business School, to discuss the story.

About Carmen Munir Russell-Sluchansky 360 Articles
Carmen is a multimedia journalist based in Washington, DC whose work has appeared in a variety of outlets including National Geographic, NBC News, the BBC, Asia! Magazine, The China Post, Chicago Tribune and Orlando Sentinel.