Companies and tax: Cook lightly grilled

Apple pays “all the taxes we owe—every single dollar,” its boss, Tim Cook, told the Senate permanent subcommittee on investigations on May 21st. The previous day the subcommittee had issued a report claiming that Apple’s extensive use of tax havens and shell companies had helped it avoid paying tax to Uncle Sam on $44 billion of profits between 2009 and 2012.

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