Tax Loopholes

Apple CEO Timothy Cook arrives before testifying to the Senate Homeland Security and Governmental Affairs Committee's Investigations Subcommittee about the company's offshore profit shifting and tax avoidance in the Dirksen Senate Office Building on Capitol Hill May 21, 2013. (Chip Somodevilla/Getty Images)

Apple CEO Cook Answers Senate Panel Questions On Tax Avoidance

A Senate panel says Apple Inc. is avoiding billions of dollars in U.S. taxes by shifting profits to foreign affiliates and is prepared to question the company’s chief executive Tuesday about the “loopholes.”

05/21/2013

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