US panel hammers Apple over tax strategies; Tim Cook to testify

The Irish govt said its system was transparent and other countries were responsible if the tax rate paid by Apple was too low DUBLIN: Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the US Senate said the company paid ...

WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.

According to the Wall Street Journal, Senate investigators found that Apple Inc paid no corporate income tax to any national government on tens of billions of dollars in overseas income over the past four years. This revelation fuels the debate over ...

Apple executives are set to defend the company's tax practices and call for corporate tax reform on Capitol Hill Tuesday amid harsh criticism following a Senate investigation. A report released Monday by Senators John McCain, R-Arizona, and Carl ...

Tim Cook is about to get the tax audit from hell.The embattled Apple CEO is slated to testify today in Washington about the tech giant's notorious tax tricks, which got blasted anew yesterday by a congressional panel's report.Using an elaborate ...

Source: adelaidenow APPLE fans, the wait is almost over - the technology giant's $2.5 million Rundle Mall store will open to the public from 10am on Saturday. The Rundle Place shopfront is Apple's 20th in Australia and the hugely popular technology ...

The California-based maker of iPads, iPhones, iPods and Macintosh computers said that it gave a $10,000 App Store gift card to an Ohio man who downloaded the 50 billionth app -- a free word game called Say the Same Thing. People are downloading ...

Apple has defended the way it manages its tax affairs, including the role played by its Irish operations, ahead of its CEO's appearance at a US Senate hearing. In its testimony to the US's Permanent Subcommittee on Investigations, the company said ...

By KATE LINEBAUGH , JESSICA E. LESSIN and DANNY YADRON The U.S. Senate gets a high-profile visitor this week as Apple CEO Tim Cook will press Congress to simplify corporate tax rates. Marketwatch's Robert Schroeder explains. Apple ...